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Recession in 2013? Pimco's El-Erian Weighs In
Posted by: CanadianValue (IP Logged)
Date: December 18, 2012 03:29PM
In El-Erian's opinion:
- Assuming we avoid the fiscal cliff he expects continued sluggish growth.
- Policy support will be critical to continued economic healing.
- If there is a big surprise in 2013 it would be policy makers finally getting together and doing something constructive to permanently help the economy.
- If there is a negative surprise in 2013 it could be geopolitical risk out of the Middle East.
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