El Erian says the US economy and stocks have likely dodged a recession
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Mohamed A. El-Erian, Chief Economic Advisor at Allianz SE, believes that the US economy and stocks have likely avoided a recession. He states that the US is the sole major engine of global growth in an increasingly less-stable world. El-Erian predicts a 50% chance of a US soft landing, a 15% chance of higher growth with no additional inflationary pressures and genuine financial stability, and a 35% chance of recession and new threats of financial instability. He also mentions that sticky inflation combined with slower growth will put the Federal Reserve in a difficult position.

#UsEconomy #Stocks #Recession #GlobalGrowth #Inflation #FederalReserve

https://www.forexlive.com/news/el-erian-says-the-us-economy-and-stocks-have-likely-dodged-a-recession-20240429/