Pimco Raises U.S. Economic Growth Forecast Dec. 9

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Dec. 9 (Bloomberg) -- Pacific Investment Management Co., which manages the world’s biggest bond fund, is raising its forecast for U.S. growth next year as policy makers pump a “massive amount” of stimulus into the economy, Chief Executive Officer Mohamed El-Erian said. Julie Hyman reports on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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