Pimco Forecasts Europe Recession Next Year

http://www.bloomberg.com/news/2011-09-25/pimco-s-el-erian-sees-rich-economies-stalling-amid-new-european-recession.html

Pacific Investment Management Co., which runs the world’s biggest bond fund, is forecasting that advanced economies will stall over the next year as Europe slides into a recession, underscoring mounting investor concern about the global economic outlook.