Pimco's El-Erian Sees 12-Month U.S. Growth 1.5%
03 August 2012 - 9:40AM
Dow Jones News
Mohamed El-Erian, chief executive of Pacific Investment
Management Co., expects U.S. growth of 1.5% and worldwide growth of
2.25% over the next 12 months, Bloomberg News reported
Thursday.
Mr. El-Erian said the recent figures in purchasing manager
indexes in Europe and Asia are "frightening," Bloomberg
reported.
He told Bloomberg that he believes the chance of a U.S.
recession is roughly 25% to 33%.
-Write to nymonitoring@dowjones.com
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