PIMCO: Here are 3 difficult transitions the world will undergo in 2017

Pimco has offered its outlook for 2017 in an environment of political and market uncertainty across the globe.
In "Cyclical Outlook: Into the Unknown," Joachim Fels and Andrew Balls identified "three difficult transitions" the world will undergo — namely a shift from monetary to fiscal policy, a shift from globalization to deglobalization, and a currency regime transition in China — and offered their outlook.
"Who would have thought back in May that within the following six months th