Global growth boom may disappoint, says Morgan Stanley's Ruchir Sharma

China’s regulatory crackdown on its technology sector and U.S. consumers possibly saving more than they spend are twin risks facing the world’s economic recovery, according to Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management.
 

Sharma, who is the author of bestsellers including “Breakout Nations” in 2012 and “The Rise and Fall of Nations” in 2016, isn’t predicting a global bust. What he’s warning is that the consensus for a robust boom may be overlooking downside risks that may cause momentum to fade sooner than expected.

Here are excerpts of the conversation with Sharma,