Global Markets

Emerging Markets Outlook: Constructive

Improving domestic fundamentals, falling inflation and a favorable external environment have boosted flows into emerging markets. For more of our views on the outlook for emerging markets and around the world next year, see Putting Markets in Perspective. READ NOW ...

As Good as It Gets? Three Risks to Global Growth

PIMCO’s baseline economic forecast is for a continuation of synchronized world real GDP growth at a decent 3% pace in 2018 (the same as this year), low near-term recession risks, a moderate pickup in underlying inflation in the advanced economies, mildly supportive fiscal policies and an only gra ...

Emerging Markets Outlook: Constructive, But for Investors the Work Begins

While PIMCO’s cyclical outlook is cautious overall, our outlook for emerging markets ex-China (EM) is more constructive. We expect further improvement in the EM macro picture as most emerging economies are at a different stage of the economic cycle than developed economies and they are still bene ...

Emerging Markets Outlook: Constructive, But for Investors the Work Begins

While PIMCO’s cyclical outlook is cautious overall, our outlook for emerging markets ex China (EM) is more constructive. We expect further improvement in the EM macro picture as most emerging economies are at a different stage of the economic cycle than developed economies and they are still bene ...

2017 Global Market Outlook Q4 Update: Momentum vs. Asymmetry

The final installment of our 2017 global market outlook is here. See our strategists’ views on global investment markets and economies. ...

Halftime: Mid-year global market outlook

In the aftermath of a tumultuous 2016, much discussion has centred around the equity outlook for 2017 and beyond. In fact, the second quarter saw continued strong performance from global markets, though in our view, the long-term earnings outlook remains murky. As we enter the second half of the ye ...

2017 Global Market Outlook — Q3 update

We’re in a late-cycle, momentum-driven market, where valuation is at an extreme. Momentum can drive markets beyond fundamentals for an extended period. No investment process is going to pick the peak in the cycle, but we’d lean out as the risks increase. ...

Global Market Outlook 2017 Mid-Year Update: Late-Cycle Lean Out

It’s time for our mid-year update to our 2017 Global Market Outlook. And the short story is that we’re not changing many of our views from our annual outlook. ...

Emerging Markets Offer Compelling Yields

Emerging market assets – stocks, bonds and currencies – have risen significantly this year. Emerging markets portfolio manager Yacov Arnopolin explains why and where we still see value in the asset class. For an extended version of the video with Yacov Arnopolin, please watch Key Inflection Poi ...

2017 Global Market Outlook — Q2 Update

Our global team of investment strategists warn that investor expectations have run ahead of market fundamentals in the global equity markets. They maintain a call for caution as inflated expectations for global growth and U.S. fiscal policy drive markets higher, despite looming global economic headw ...