Putting Markets in Perspective


Our latest thinking on global economic drivers and financial markets.

Economy

PIMCO’s outlook for major economies over the next six to twelve months

  • Global

    Outlook

    Global economic expansion should continue, with world GDP growth in a 2.75%–3.25% range.

    Implications

    Consider active strategies that can emphasize pockets of value while avoiding sectors that may be over-valued.

    Read More
  • U.S.

    Outlook

    The U.S. economy should remain on solid footing through 2017, with GDP growing 2.0%–2.5%.

    Implications

    With the potential of higher inflation, maintain an allocation to inflation-hedging investments as part of a diversified portfolio.

    Read More
  • Europe

    Outlook

    We expect eurozone growth to pick up to 1.5%–2.0% but remain cautious due to political event risk.

    Implications

    Even with scaled back expectations of a populist event, investors should approach European investments with caution.

    Read More
  • Emerging Markets

    Outlook

    Growth is returning to EM economies and we forecast EM GDP growth of 5.0–5.5%.

    Implications

    Keeping risks in mind, now may be a good time to reconsider EM allocations and look for opportunities to add diversified positions.

    Read More

Financial Markets

PIMCO’s outlook for three key financial markets with implications for investors

  • Fixed Income

    Outlook

    Rising rates may create opportunities to add alpha in fixed income.

    Implications

    Consider a diversified approach and partner with managers who can optimize portfolios to take advantage of market events.

    Read More
  • Equities

    Outlook

    Emerging market value stocks remain an inexpensive pocket of global equities.

    Implications

    Revisit EM equity allocations as EM value strategies may offer longterm upside potential.

    Read More
  • Real Assets

    Outlook

    Longer-term inflationary risks remain, and a positive inflation surprise is likely in the near-term.

    Implications

    Be prepared for inflation surprises by considering an allocation to TIPS or commodities.

    Read More