Economics
Pimco Sees a Good Economy in 2018 ‘Barring Zombie Apocalypse’
- Firm cautions that markets have priced in bullish scenario
- ‘Investors should start preparing for several key risks’
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Pacific Investment Management Co. sees good times continuing in 2018 as global economies grow in sync, but the bond giant warns investors to brace for a downturn.
In a quarterly update to its cyclical outlook released Thursday, Pimco raised its 2018 forecast for global gross domestic product growth by a quarter percentage point to a range of 3 percent to 3.5 percent.