US headed to recession that was ‘totally avoidable,’ chief economist says

Written by 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

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