UK economy at risk of ‘hard landing’, warns bond giant Pimco – business live

Show key events only Please turn on JavaScript to use this feature Live feed From 34m ago 02.44 EST Introduction: Bond fund giant Pimco warns of ‘hard landing’ for UK economy Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The ghost of a future recession is haunting the UK this morning, with less than a fortnight until the new year. One of the world’s biggest active bond fund managers has dampened the festive mood, warning that the UK is at high risk of a serious economic downturn in 2024. Daniel Ivascyn , chief investment officer at Pimco , is predicting the UK will…