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KM Financial Solutions | PIMCO sees short, severe recession; positioned defensively
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PIMCO sees short, severe recession; positioned defensively

01 Apr PIMCO sees short, severe recession; positioned defensively

Posted at 14:33h in News by
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Pacific Investment Management
Co (PIMCO), one of the world’s largest investment firms, told
clients on Thursday the coronavirus outbreak is likely to cause
a short and severe recession, and that the risk of a slow
recovery or a relapse will keep its investment strategy
defensive for the time being.

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