Pimco raises its U.S. growth forecast for next year to 3%-3.5% from 2%-2.5% thanks to "massive"...

|By:, SA News Editor

Pimco raises its U.S. growth forecast for next year to 3%-3.5% from 2%-2.5% thanks to "massive" stimulus for the economy. “The U.S. is using fiscal and monetary policy to try to attain escape velocity,” Mohamed El-Erian says, with the question remaining “whether that will be enough not just to change the economy’s trajectory for one year but to place it on a medium-term sustainable path.”