New Economic Outlook Article Available:
PIMCO Cyclical Outlook for the Americas: U.S. Growth Offers a Tailwind for the Region
by Mohit Mittal, Ed Devlin, Lupin Rahman
(PDF ATTACHED)
by Mohit Mittal, Ed Devlin, Lupin Rahman
(PDF ATTACHED)
* PIMCO expects growth in the U.S. to improve due to a reduction in fiscal drag, although the Federal Reserve's tapering and slowing growth in China are risks.
* While higher U.S. growth should offer a boost to exporters, Canada will likely face headwinds from a housing correction and drop in consumption.
* Latin America has fared relatively well amid the recent volatility in emerging markets, but differentiation across credits and markets continues to increase.
* While higher U.S. growth should offer a boost to exporters, Canada will likely face headwinds from a housing correction and drop in consumption.
* Latin America has fared relatively well amid the recent volatility in emerging markets, but differentiation across credits and markets continues to increase.