US headed to recession that was ‘totally avoidable,’ chief economist says
Written by Black Hot Fire Network on October 9, 2022
(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.
“I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian
