As a turbulent year for the global economy, financial markets, and politics recedes in the rearview mirror, we look ahead into 2020, mapping out both the likely path and the potential roadblocks for the economy and investors. This outlook draws on the work by PIMCO’s portfolio managers, economists, and analysts in preparation for our recent quarterly Cyclical Forum, the lively discussions among our investment professionals at the event itself, the presentations by our sector specialists during the following two strategy days, and the investment conclusions drawn by our Investment Committee afterward. (For more ... (full story)