Pimco - Disappointing GDP Running at 1.75% Clip

Bill Gross
From Bloomberg - The U.S. economy will disappoint investors by expanding at a rate of 1.75 percent over the next year, said Ramin Toloui at Pacific Investment Management Co., which runs the world’s biggest bond fund. The risks are skewed toward even slower growth, Toloui, an emerging markets portfolio manager, said on a conference call. Growth will fall short of the consensus forecast, which is 2.6 percent for the year ahead, according to Pimco. Investors should add to their emerging-market holdings, Toloui said. Read more here:



Post a Comment