In case you missed it, today we are bringing you a special encore release of a recent

episode.

We'll be back on Monday with a brand new episode.

Welcome to Thoughts in the Market.

I'm Andrew Sheets, Chief Cross-Asset Stragist from Oregon, Stanley.

And I'm Jatinaya, Morgan Sandes, Chief Economist and Global Head of Economics.

And on this special mid-year outlook edition of Thoughts in the Market, we'll be talking

about the outlook for the global economy, business investment, and inflation.

This Friday, May 21st, at 3pm in London.

And Dan Am in New York.

Shethan, it's great to talk to you.

You know, both of us have been spending a lot of the last week talking with investors

about our mid-year outlook, which is a big collaborative process across Morgan Stanley's

Global Economic and Strategy teams, where we all debate and forecast what we think the

next 12 months will look like.

And so I want to start with one of the key questions that at least I've been getting

around that outlook, which is that after the last recession, after the global financial

crisis, people were also optimistic the growth would come back.

They also felt like we returned to a more normal environment.

And yet as soon as 2010, and then again in 2011, you saw these really big disappointments

to growth.

So what's different this time?

...