pimco

We expect the global economy and financial markets to transition from intense near-term pain to gradual healing over the next six to 12 months. However, there is the risk if not the likelihood of an uneven recovery, with significant setbacks along the way and some permanent damage.

Governments and central banks have started to respond more forcefully to the health crisis, enacting policy in an effort to limit long-term damage to the global economy.

Global growth could follow a U-shaped path over the next few quarters, though substantial uncertainty remains as policymakers grapple with the impact of the coronavirus.

'Excellent growth opportunity'

History teaches that epidemics tend to have short-term effects on economies and markets, but great uncertainty remains about the coronavirus.

Deadline for ISA allowance approaching

Refinitiv monthly European fund flow report

PIMCO believes that negative rates policy does not have much further room to run. In this article, we discuss the implications for investors.

Myles Bradshaw will report into Iain Stealey