Mohamed A. El-Erian , Columnist

Worries Ease About U.S. Economic Response to Virus

The U.S. is making progress, but it can’t avert a sharp recession.

March 18, 2020 at 9:30 AM UTC

Mohamed A. El-Erian is a Bloomberg Opinion columnist. A former chief executive officer of Pimco, he is president of Queens’ College, Cambridge; chief economic adviser at Allianz SE; and chair of Gramercy Fund Management. He is author of “The Only Game in Town.”

The “whatever it takes” brothers.
Photographer: Drew Angerer/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

The United States made encouraging progress on Tuesday in responding to the coronavirus, led by the public sector and involving supportive changes in private sector behavior. The efforts won’t prevent the global economy from falling into a sharp recession, but they will help many Americans better navigate this extremely difficult phase of the crisis.

The encouraging steps included but were not limited to: