Wall Street coronavirus contingency plans – the state of play
March 8, 2020Oil plunges over 20% after Saudi Arabia slashes prices on OPEC deal collapse
March 8, 2020PIMCO sees mild recession due to virus but tight credit poses risk
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Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively mild and short recession though tight credit markets could worsen the downturn.
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