Economics
Pimco's Ivascyn Says Trade Tensions May Actually Benefit Economy
- U.S.-China dispute can help prevent overheating, manager says
- Fund company oversees $1.71 trillion, mostly in fixed income
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U.S. trade tensions with China and other countries may be a good thing because they can keep economies from overheating and reduce the need for central bank intervention, according to the chief investment officer of bond giant Pacific Investment Management Co.
“To the extent a moderate degree of trade tension is leading to slowing growth momentum, then that’s OK,” Pimco’s Dan Ivascyn said in a telephone interview.