(Bloomberg) -- Pacific Investment Management Co., the world’s largest bond manager, said global economic growth will be steady over the coming 12 months because of asset purchases by central banks in 2013.

Economic output will expand in the range of 2.5% to 3% through March of next year, compared with 2.9% for the year ended Dec. 31, Saumil Parikh, a generalist portfolio manager at Newport Beach, California-based Pimco, said in a report being posted on its website today.

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