The U.S. is staring down the barrel of 1970s-style stagflation as economic growth slows and inflation remains elevated, Mohamed El-Erian, the chair of Gramercy Fund Management and chief economic advisor at Allianz, said on Monday.
Stagflation is 'unavoidable' and investors should prepare for a 'significant growth slowdown,' Mohamed El-Erian says
The Federal Reserve has a tough task ahead as it attempts to combat inflation while economic growth slows. “It needs a lot of luck at this point,” Mohamed El-Erian says.
