Gross Says U.S. Growth Won’t Beat 2% in 2013: Tom Keene

Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said the U.S. economy won’t expand more than 2 percent this year even with one or two quarters of faster growth.

“A 2 percent ‘new normal’ economy is the best we can expect,” Gross said in a radio interview with Tom Keene after a report showed employers hired fewer workers than forecast in March and a decline in the size of the labor force pushed the jobless rate down to a four-year low. “The sun isn’t going down, but there’s certainly an element of dusk to it.”