Pimco: Economy Will Hit Crawl in Second Half of Year

Thursday, 08 Apr 2010 08:50 AM
By: Julie Crawshaw

Pimco co-CEO Mohammed El-Erian says growth in the U.S. economy will continue to appear healthy during the first half of 2010 because markets will bounce back amid the huge fiscal stimulus and inventory rebuilding.

“Look for growth rates to be an annualized 4 percent to 5 percent in the first half of the year,â€