PIMCO Outlook: The fragmentation era

The traditional world order – in which economics shaped politics – has been turned on its head, with politics now driving economics. Sharp policy shifts are transforming long-standing trade, security, and economic alliances, with the effects set to reverberate for years. Read insights from Richard Clarida, Andrew Balls, and Daniel Ivascyn on how investors can strengthen their portfolios amid changing times by diversifying across global markets.