| The future over the next three to five years, as seen through the lens of PIMCO’s Secular Outlook, is stable but not secure. “[W]hile we do not see a global economy heading toward recession, we also do not see readily available means to stimulate aggregate demand and drive accelerated growth,” the piece reads.
Citing the most immediate and prevalent dynamic – diminishing returns from central banks’ monetary policy and probable inadequacy of fiscal policy to fill the gaps – the outlook predicts volatility that will leave investors vulnerable to both negative and positive shocks...............................................Full Article: Source
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