The probability of a recession in the world economy in the next 5 years is 70%, according to PIMCO

Chief investment director for non-traditional strategies of the investment company Pacific Investment Management, Mark Zinder, warned investors about the onset of increased volatility amid tightening of monetary policy in the world's largest economies, Bloomberg reported. He believes that the probability of a recession in the world economy in the next 5 years is about 70%. During the event in Sydney, Zidner said: “If you work with global investments and global portfolios of assets, you should consider the probability of a recession in the next 3-5 years.” He noted: “Previously, quantitative easing supported all classes of assets. At the same time, the current period of the reduction of incentives was unprecedented in history.”

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