The definitions have increased the possibility of American recession: Pimco


Alec Kirsman, Managing Director of the head of the Asia Pacific Region in Pimco, said, said Pimco, Converge directly It happened in Singapore on Wednesday.

“This increases from the opportunity of approximately 15 % to estimate PIMCO in December 2024 with the ease of US President Donald Trump's repercussions.

However, Kirsmann noted that the company's basic status scenario is that the American economy will grow by 1 % to 1.5 %, which is still an expansion, although it is a “significant decrease” from previous expectations.

In fact, according to Kamal Batia, President and CEO of the main asset management, a batch of local consumption due to such commercial policies can help the US economy to grow more than expected.

This is a developing story. Please update for updates.

Leave a Reply

Your email address will not be published. Required fields are marked *