Peder Beck-Friis
The UK is at an inflection point. In this episode, Rupert Harrison CBE—Senior Adviser at PIMCO and former Chief Economic Adviser to the UK government—and Dr. Peder Beck-Friis, Economist at PIMCO, share actionable insights on navigating the UK’s evolving investment landscape.
Peder Beck-Friis, an economist at PIMCO, charts rising government debt and its implications for the U.S. dollar and longer-term Treasury yields.
Despite a weak growth outlook the Euro area’s increased resilience and stability makes European fixed income investments attractive.
In the post-pandemic fiscal landscape, government debt trajectories may be volatile, but appear broadly sustainable.
Despite its cyclical and secular challenges, we believe Europe is a good diversifier for duration in global portfolios.
Debt-financed fiscal policy is driving much of today’s high inflation, but as pandemic-era measures fade, central banks will likely return to their key role in managing price levels.