BOSTON -- Top economists who spoke here at the Insured Retirement Institute annual conference told attendees to brace for fundamental paradigm shifts as they wait for global and domestic economies to stabilize.
Gross domestic product growth in emerging market nations are currently at about 6%, eclipsing the flat-line 0% rate in the developed world. Moreover, GDP in developing nations tends to stay in positive territory during period of turbulence, said Mohammed El-Erian, PIMCO’s chief executive officer and co-chief investment officer.
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