Pimco Warns Uncertainty Set to Crimp Returns on Bonds and Stocks
- Bond manager sees ‘plenty of pitfalls for policymakers’
- Predicts shorter economic cycles of greater amplitude
A number of more long-term changes are coming into play, including a shift toward using more green energy.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
If you think financial markets have been strange the past 18 months, just wait. What lies ahead is an unfamiliar macroeconomic environment that’s undergoing dramatic changes, says Pacific Investment Management Co.
The firm released a report Wednesday warning that over the next five years the global economy will see “a more uncertain and uneven growth and inflation environment with plenty of pitfalls for policymakers.”