An Outlook Of The Global Economy: Stable But Not Secure by Andrew Balls, Richard Clarida and Daniel J Ivascyn – PIMCO Good investment opportunities remain, but investors must be compensated for growing and heightened uncertainty and risks of policy exhaustion. How stable is the global economy, and what are the risks to that stability? Critical questions like these drove vigorous debate when PIMCO’s investment professionals gathered in May for our 35th annual Secular Forum. As always, our focus was to identify the key secular forces that will drive the global economy, monetary and fiscal policy, and financial markets over the…
On This Page
- This year’s questions
- Global economy - Our secular outlook
- Investment implications
- Stay on dry land and preserve capital
- Guard against negative yields and guard against the asymmetric risk of rising yields
- Grind out alpha in a low return environment
- Seek to benefit from periods of high volatility
- Very selective on the eurozone
- Look for opportunities in emerging markets
- Bottom-up over beta
- Scour the world and diversify
- Guard against the right tail
- Key takeaways
- Rising Risks?
- Investment Risks
- … And Responses
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