Pimco chief executive warns against protectionism

pg-32-mohamed-el-erian-jpg

Mohamed El-Erian, chief executive officer of bond investor Pimco, has warned investors to hedge against a worldwide escalation in protectionism.

Speaking at a press conference on March 2, El-Erian, who along with Bill Gross is Pimco’s co-chief investment officer, said there was a 10–15% chance of a protectionist global picture materialising during 2010. In such a scenario, countries’ responses to the crisis would become nationalistic, ultimately resulting in much lower global growth, and would

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: