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Recession in US and EU “more likely than not” – analyst ...News
Major Western economies should expect a significant growth slowdown, according to investment firm PIMCO The US will “more likely than not” fall into recession within the next 12 months, Reuters reported on Thursday, citing Andrew Balls, CIO of US-based investment management firm PIMCO. “A recession is not the only important thing. You’re clearly going to see a significant growth slowdown,” Balls said at a press webinar, noting that the US Federal Reserve, along with many other central banks, is focused on battling inflation and not on economic growth. “The inflation profile in the short term is very important. Cen
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