PIMCO says signs point to stronger global economy in 2020 GlobeBusiness
Recession risks have diminished in recent months, and the current window of weakness for global growth will give way to a moderate recovery in 2020, money manager Pacific Investment Management Co forecast Tuesday in its 2020 outlook.
“With fiscal and monetary policy now working in the same direction – further easing – in almost all major economies, the outlook for a sustained economic expansion over our cyclical horizon has improved,” PIMCO said in its outlook.. It forecast that U.S. growth momentum may lag global growth momentum at least for some time during the first half of 2020.
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