Focus Needed on Growth

Pimco's Gross says governments should not concentrate on cutting debt.

Bill Gross of Pacific Investment Management Co. said governments should be focusing on creating growth rather than reducing debt after a report showed employment in the U.S. stagnated in August.

“To do it right now is almost suicidal,” Gross, manager of the world’s biggest bond fund, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt.

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