El-Erian's Economic Concerns: Inflation & Debt

Economist Mohamed El-Erian discusses his top economic concerns: the financial strain on lower-income households and the looming debt refinancing. He warns that if these consumers cut spending due to inflation and debt, it could trigger a broader economic slowdown. El-Erian also highlights the growing household debt, now at $18.5 trillion, and the risk of credit accidents and economic accidents in sectors like commercial real estate. He doesnt predict a systemic financial crisis but emphasizes the need to monitor these issues closely.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.