Characterizes the global economy as BBB, Bumpy, Below par and Brittle.

Pimco is out with their forecasts for the global economy. They characterize the global economy as being BBB:

  • Bumpy,
  • Below par and
  • Brittle.

They have slightly reduced their growth forecast to 2.0-2.5% - a quarter point lower vs. their prior expectations.

They see no global or US recession.

Headwinds are from:

  • Global saving glut.
  • Increase in political uncertainty

The three "C's" for growth hinge on:

  • China
  • Commodities
  • Central Banks

You can put their report on your reading and listening homework for the weekend.

CLICK HERE for the report.