Growth Upgrade for 2010

From a Bloomberg article by Rich Miller:

Pimco, which manages the world’s biggest bond fund, raised its forecast for growth next year in response to the stimulus, [Mohamed El-Erian, chief executive officer of Pacific Investment Management Co] said. It now sees the economy growing 3 percent to 3.5 percent in the fourth quarter of next year from the same period of this year. That compares with its previous estimate for 2 percent to 2.5 percent growth and the 2.2 percent gain forecast for this year by the International Monetary Fund.

Time for hiring to pick up as well.

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