Pimco’s Managing Director Predicts a 35% Chance of a U.S. Recession
Alec Kersman, managing director and head of Asia-Pacific at Pimco, stated there is a strong possibility of a U.S. recession this year. He estimates a 35% chance that the economy will shrink. The influence of tariffs and ongoing economic challenges have raised concerns among economists and investors alike. Experts are closely monitoring economic indicators to determine future trends. In the face of such predictions, both businesses and consumers must remain vigilant as economic uncertainties could impact spending and investment decisions. Effective planning can help mitigate potential risks associated with a recession-affected economy.