El-Erian: The US Is Wearing the Cleanest Dirty Shirt

SAN DIEGO–”We anticipate a future in Europe characterized by stagnant growth. Why? Their growth model is outdated, their potential for expansion has dwindled, and their central bank has made policy errors. In contrast, the United States has the capacity to legislate for future growth, a luxury Europe lacks.”

These insights come from economic advisor Mohamed El-Erian, President of Queens College, Cambridge; Chief Economic Advisor at Allianz; and former CEO and Co-Chief Investment Officer at PIMCO. El-Erian shared his perspectives on geopolitical risks and economics during the opening session of the recent MBA CREF24 conference in San Diego.