The global economic outlook has recently improved but now there may be less capacity to combat a future recession. Joachim Fels, global economic advisor, details seven macroeconomic themes that PIMCO believes will shape the global economy in 2020.

What are the major issues affecting key regions around the world in 2020? Joachim Fels, global economic advisor, and Scott Mather, CIO U.S. core strategies, discuss U.S. Fed policy, Brexit, European manufacturing, and growth in Japan and China.

How has the building cycle influenced the U.S. housing outlook in 2020? Scott Mather, CIO U.S. core strategies, discusses how strong fundamentals and favorable supply/demand dynamics create a favorable environment for mortgage-backed securities.

Are we heading toward a recovery or recession? Andrew Balls, CIO Global Fixed Income, and Joachim Fels, Global Economic Advisor, discuss our global outlook for the global economy and the drivers of the low-growth “window of weakness.”

How should investors be thinking about duration? Andrew Balls, CIO Global Fixed Income, and Joachim Fels, Global Economic Advisor, provide our take on relative duration positioning across the regions and why U.S. rates offer the most room for rally.