World Economy

Gundlach: Global economy could see 'deflationary scare'

Jeffrey Gundlach
Scott Eells | Bloomberg | Getty Images

Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said on Thursday the global economy could potentially see a "deflationary scare'' again and added that he likes gold as a diversifier.

Speaking at an annual DoubleLine event in New York, Gundlach said: "In Europe, the inflation rate is falling. In the United States the inflation rate is lower than it was in 2011.''

Gundlach, who helps manage approximately $49 billion in assets, added: "I continue to believe that there is more deflation in the world than most people appreciate.''

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