Stock Market

Pimco CEO sees a 55% chance of global slowdown over next 2 years

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The chances of an economic slowdown are low in the next 12 months but more than even — 55 per cent — within the next two years, according to Emmanuel “Manny” Roman, chief executive officer of Pacific Investment Management. The economy is relatively healthy now, especially in the US and China, with odds of a recession in 12 months about 15-20 per cent, Roman said in a webcast interview with David Solomon, the incoming CEO of Goldman Sachs.

But the possibility of rising inflation from a tight labour market or other causes could spur Fed to accelerate interest rate hikes, which could put brakes on economic growth, he said.




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