Mohamed El-Erian highlights increased risks of recession and "financial accidents" amid high interest rates, and addresses commercial-property concerns in a new Insider interview.
US Treasury Secretary Janet Yellen has called for "constructive" and "healthy" economic relations with China at a time when the Biden administration is pushing for unprecedented limits on American investments in the People s Republic.
Grantham’s warning of a deep recession is similar to the views of economist Nouriel Roubini, who recently cautioned investors of a painful stagflation-driven recession for the global economy due to the cold war between the US and China