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Pimco says interest rates poised to fall, raising huge potential for high-quality bonds
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Dan Ivascyn, chief investment officer of global fixed-income behemoth Pimco, remains upbeat on financial markets in 2024.
PHOTO: PIMCO
SINGAPORE – The global economy is headed for a slowdown but will likely avoid a recession in 2024, although some parts of Europe could be in for a rough ride if inflation does not recede and interest rates remain elevated.
The observations came from Mr Dan Ivascyn, managing director and chief investment officer of global fixed-income behemoth Pimco, in an exclusive interview with The Straits Times.
