PIMCO forecasts US real growth +2.5-3.0% for the next 12 months, in a low-amplitude, long-frequency business cycle recovery
Forecasts eurozone real growth +1.0% in next 12 months, continuing painfully slow climb out of double-dip recession
Forecasts Japan real growth +1.0-1.5% over next 12 months, China real growth down to around +6.5%