Footnotes:
1 Morgan Stanley, 2023 Global Macro Outlook: Inflation Peaks, Growth Slows, Nov. 2022, https://www.morganstanley.com/ideas/global-macro-economy-outlook-2023
2 Morgan Stanley, GIC Weekly: Focus on the Consumer Not The Fed, Dec. 2022, https://wmrsi.webfarm.ms.com/pub/content/wmrsi/reports/marketing/gic/s24_gic/ABE320AD-2972-41B9-A5B3-64CCD86F1031.html
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