Investors should approach equities and corporate credit markets cautiously over the next few months as global growth is likely to slow even further in 2020, advises US-based PIMCO, one of the largest asset managers across the globe that has nearly $1.8 trillion worth of assets under management.
As their base-case, PIMCO expects global gross domestic product (GDP) growth to slow further over the next several quarters and enter a ‘window of weakness’ as ongoing trade tensions and heightened political uncertainty in multiple jurisdictions continue to act as a drag on trade, ...
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