Pimco Raises Outlook for 2014 Growth Citing Fiscal Policy
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Pacific Investment Management Co., the world’s largest active bond manager, said it’s optimistic about global growth over the coming 12 months as the drag from fiscal policy restraints eases.
Economic output will increase to 2.25 percent to 2.75 percent through September of next year, compared with 2.2 percent for the year ended June 30, Saumil Parikh, a portfolio manager at Newport Beach, California-based Pimco, said in a report being posted on its website today.