Business Standard

PIMCO cautions against equity exposure amid global economic slowdown fear

PIMCO pegs India's GDP growth for 2020 in the range of 6.5 - 7.5 per cent, while the consumer price inflation (CPI) during this period is seen between 3.5 - 4.5 per cent

US markets, S&P, Nasdaq

Puneet Wadhwa New Delhi
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, manufacturing activity and business investment. It pegs the global
Topics : Markets

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First Published: Sep 27 2019 | 12:30 PM IST

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