El-Erian Says EM Growth Facing Headwinds
El-Erian Says EM Growth Facing Headwinds Emerging markets came "completely unbalanced," and their struggles will likely weigh on growth in the US and Europe widely followed observer Mohamed El-Erian market said Thursday
the "fast Money CNBC :. halftime report, economic adviser Allianz said the strong economic trends in the United States may not be enough to offset sagging growth in other pockets of the world.
"it is not powerful to pull everyone out," he said, adding that the unrest in emerging markets could lead Europe in a recession.
remarks El-Erian follow similar perspectives World Bank President Jim Yong Kim and IMF Managing Director, Christine Lagarde. the two told CNBC this week that emerging markets faced winds significant contrary.
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via CNBC
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