Amid the ongoing tariff battle and the Federal Reserve’s projections of higher inflation and lower growth, PIMCO has predicted a 30-35% chance of a recession, without the possibility of stagflation in the U.S. economy in 2025.
What Happened: Economist Tiffany Wilding, managing director at PIMCO, told Yahoo Finance that despite the uncertainties, the U.S. economy continues to be resilient and the private sector balance sheets continue to remain “really strong.”
When asked about the Deutsche Bank survey, which pegged the odds of recession at almost 50%, Wilding responded by saying, “We would argue that recession risks are elevated in any given year. Just looking at historical instances of recession, you know, maybe there’s a 15-20% chance of recession. We would say maybe it’s a bit elevated than that, call it like 30-35%.”
However, she added that “We …Full story available on Benzinga.com
