Economics
El-Erian Says U.S. Economy Weak Though Not Headed for Recession
- Still creates jobs: Allianz chief economic adviser on Fox News
- Investors need to get used to slower-growth environment
Mohamed El-Erian. Photographer: Patrick T. Fallon/Bloomberg
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The U.S. economy is weaker than expected though not likely headed for recession in 2016, Mohamed A. El-Erian said on Fox News’s “Sunday Morning Futures” with Maria Bartiromo.
“We are experiencing a lot of volatility. Growth and wages are lower than where we could’ve been, but let’s not forget it’s an economy that creates a lot of jobs,” the Allianz SE’s chief economic adviser said.