(Bloomberg) -- World economic growth will pick up next year, paced by improvements in the U.S. and the euro area, Mohamed El-Erian, chief executive officer of Pimco, said in an interview.

The Newport Beach, California-based asset manager said the the world economy is likely to expand 2.5% to 3% in 2014, up from 2.3% this year. U.S. growth will accelerate to 2.25% to 2.75% from 1.8%.

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