Asia would be hit by a US recession - M. Stanley

Asia would be hit by a recession in the United States because it heavily depends on the world's top economy, a Morgan Stanley executive told Reuters, rejecting a view Asia has "decoupled" from the rest of the world.

The notion that the United States is no longer the driver of world economic growth has become increasingly popular among investors as a boom in China, India and other emerging markets has spurred demand for raw materials and manufactured goods in Asia.