Eurozone economies will suffer from “zombification” with growth likely to be “very weak” over the next three to five years, according to the world’s largest bond fund.
Pimco, which runs the world’s largest mutual fund and manages assets worth just over $2 trillion (£1.3 trillion), said this month that a break-up of the eurozone is still possible, though not very probable over the next three to five years.
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