Emerging Market Growth Gap to Widen, El-Erian Says: Tom Keene

Growth in emerging markets will accelerate faster than in developed nations as economies mature and leaders are quicker to make structural changes, according to Pacific Investment Management Co.’s Mohamed El-Erian.

“The structural vision is going on outside of industrialized countries,” El-Erian, Pimco’s chief executive and co-chief investment officer, said in a radio interview today on Bloomberg Surveillance with Tom Keene. “You go to Brazil, you go to Russia, you go to China: they are thinking structurally whereas industrial countries are thinking cyclically.”