This is part two of PIMCO's look at the growth prospects for the global economy. Part one can be found here.
The year ahead will likely be very challenging for the global economy. Growth faces several hurdles that PIMCO believes collectively will impose a sense of greater uncertainty and increased volatility on financial markets. These hurdles include the need for accelerated balance sheet deleveraging, slowly creeping but surely rising risks of financial and economic de-globalisation, and the constant drumbeat of re-regulation, particularly in developed country banking systems.
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