Pimco: Putting markets into perspective. Required reading/viewing for the weekend

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.

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.