PIMCO Insights: Reveals Dire UK Outlook for 2024

Pimco, a prominent bond fund manager, is intensifying its investments in UK government bonds compared to US bonds, anticipating a decline in the UK economy.

Daniel Ivascyn, Pimco’s chief investment officer, believes that the UK faces a higher risk of economic deterioration than the US, as consumers are more affected by higher interest rates.

There are growing concerns about a potential recession in Britain, with signs of weakness