There are signs that Morgan Stanley analysts said allowing to talk about the beginning of the recovery of the world economy. The bank suggests that the bottom may have already been hit, noting that in the world is gradually canceling quarantine measures related to the coronavirus pandemic, and many countries are restarting economy. According to Morgan Stanley estimates, the contraction of the GDP of developed countries during the second trimester will be 32% y / y, after which this indicator will go in growth. The low point of recession is now forming, indicated by some high frequency indicators monitored in bank, noted its leading economist Chetan Ahya. Consumer expectations rise, society becomes more mobile, and cuts in household spending are no longer the same swift, as at the beginning of a pandemic. At the same time, one should not expect that the global economy will sharply will turn up, according to HSBC. According to the bank economist James Pomeroy, consumer spending is recovering rather slowly, which can be seen in the example of China. In addition to this, there is a risk of a second wave of the pandemic after cancellation of restrictions.