Pimco Sees Over 60% Chance of Global Recession in Next Three to Five Years -Bloomberg
June 11 2013 - 6:12PM
Dow Jones News
Pacific Investment Management Co. believes the chance of global
recession in the next three to five years is more than 60%,
Bloomberg News reported Tuesday.
Saumil Parikh, a Pimco portfolio manager, said in a report that
"the frequency of global recessions tends to increase when global
indebtedness is high and falling as opposed to when indebtedness is
low and rising," Bloomberg reported.
Full story at
http://www.bloomberg.com/news/2013-06-11/pimco-sees-60-chance-of-global-recession-in-five-years.html
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