PIMCO Cyclical Outlook + Inflation Risks
The U.S. is experiencing a cyclical economic rebound, but its strong durability is uncertain.
Several countries in Europe face headwinds to growth over our cyclical horizon.
Japan’s growth rate will likely fall in the near term, but reconstruction activities should stimulate growth over time.
We expect real economic growth in key emerging economies to remain at a solid rate during 2011, but lower than 2010.
The full report can be found here: