Pimco CEO Sees a 55% Chance of Global Slow­down Over Next 2 Years

The Economic Times - - Finance & Commodities -

The chances of an eco­nomic slow­down are low in the next 12 months but more than even — 55% — within the next two years, ac­cord­ing to Em­manuel “Manny” Ro­man, chief ex­ec­u­tive of­fi­cer of Pa­cific In­vest­ment Man­age­ment.

The econ­omy is rel­a­tively healthy now, es­pe­cially in the US and China, with odds of a re­ces­sion in 12 months about 15-20%, Ro­man said in a we­b­cast in­ter­view with David Solomon, the in­com­ing CEO of Goldman Sachs. But the pos­si­bil­ity of ris­ing in­fla­tion from a tight labour mar­ket or other causes could spur Fed to ac­cel­er­ate in­ter­est rate hikes, which could put brakes on eco­nomic growth, he said.

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