Pimco sees seven macro themes for global economy

Investment management giant Pimco identifies seven major macro themes for the global economy in 2020, and projects the slowdown in the eurozone to continue at the same time as Greece expects to start a period of robust growth. While the prospect of a global recession has eased for now, when it does come it may be more difficult to tackle, Pimco argues in a report shared with Kathimerini.

"The outlook for the global economy has improved over the past three months, but there may be less capacity to combat a recession when it comes," Pimco warns in its "Cyclical Outlook: Seven Macro Themes for 2020," signed by Joachim Fels, the company's global economic adviser, and Andrew Balls, chief investment officer of its global fixed income division. 

The seven macroeconomic themes identified are: 

1) "Time to recession" has increased because of central bank easing,...