Markets

Brace for 'violent' shocks that may reshape the global economy forever, warns top economist Mohamed El-Erian

7 days ago   |   By Business Insider

Markets should brace for a drawn-out recession, Mohamed El-Erian has warned. Shannon Stapleton/Reuters
The global economy is headed for a severe recession, Mohamed El-Erian has warned.
The economist expects "more uncertainty in the future as shocks grow more frequent and more violent".
The recession will be drawn-out rather than "short and shallow", he added.
Markets should brace for a severe recession that might forever change the world economy, Mohamed El-Erian has warned. The economist said on Tuesday that a combination of pressures on supply, central bank tightening, and market...
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Global growth may slump to 2009 levels next year as the Russia-Ukraine 'forever war' drags on, IIF warns

7 days ago   |   By Business Insider

The Ukraine war could hit global growth until 2024, the Institute of International Finance said. Pavlo Palamarchuk/Getty Images
Global growth could slow to just 1.2% in 2023, according to the Institute of International Finance.
Growth was last that weak in 2009 as the financial crisis ravaged the global economy.
The "forever war" between Russia and Ukraine could hammer growth until 2024, the IIF said.
Global growth could plunge to 2009 levels next year when adjusted for base effects as the war between Russia and Ukraine continues to weigh on the world economy, according to the Institute of...
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