Characterizes the global economy as BBB, Bumpy, Below par and Brittle.
Pimco is out with their forecasts for the global economy. They characterize the global economy as being BBB:
- Bumpy,
- Below par and
- Brittle.
They have slightly reduced their growth forecast to 2.0-2.5% - a quarter point lower vs. their prior expectations.
They see no global or US recession.
Headwinds are from:
- Global saving glut.
- Increase in political uncertainty
The three "C's" for growth hinge on:
- China
- Commodities
- Central Banks
You can put their report on your reading and listening homework for the weekend.
CLICK HERE for the report.