PIMCO cautions against equity exposure amid global economic slowdown fear

PIMCO pegs India's GDP growth for 2020 in the range of 6.5 - 7.5 per cent, while the consumer price inflation (CPI) during this period is seen between 3.5 - 4.5 per cent

Investors should approach equities and corporate credit markets cautiously over the next few months as global growth is likely to slow even further in 2020, advises US-based PIMCO, one of the largest asset managers across the globe that has nearly $1.8 trillion worth of assets under management.

As their base-case, PIMCO expects global gross domestic product (GDP) growth to slow further over the next several quarters and enter a ‘window of weakness’ as ongoing trade tensions and heightened political uncertainty in multiple jurisdictions continue to act as a drag on trade, manufacturing activity and business investment. It pegs the global