"A global recovery is underway . a bumpy and de-synchronized recovery, not a smooth and V-shaped...

|By:, SA News Editor

"A global recovery is underway ... a bumpy and de-synchronized recovery, not a smooth and V-shaped return to old normal growth conditions," Pimco's Andrew Balls writes. "Over the long term, we expect to see a major shift to lower growth in the developed economies, higher growth in the emerging economies and greater government intervention and regulation overall."