PIMCO – Cyclical Outlook, Apr 2025

The main theme of the report concerns current geopolitical uncertainty and its impact on global markets, with a particular focus on the United States.

Key findings include the rise of global uncertainty due to aggressive U.S. trade policies, threats to U.S. economic and financial exclusivity, a return to national interests, and potential recession risks in the U.S. Recommendations include investing in stable income sources such as high-quality bonds and diversifying in global markets.