PIMCO sees short, severe recession; positioned defensively
Pacific Investment Management
Co (PIMCO), one of the world’s largest investment firms, told
clients on Thursday the coronavirus outbreak is likely to cause
a short and severe recession, and that the risk of a slow
recovery or a relapse will keep its investment strategy
defensive for the time being.
Co (PIMCO), one of the world’s largest investment firms, told
clients on Thursday the coronavirus outbreak is likely to cause
a short and severe recession, and that the risk of a slow
recovery or a relapse will keep its investment strategy
defensive for the time being.
Posted by Reuters
