“We need higher growth and some kind of fiscal reform.”
The US “is in the midst of an innovation revolution” while also carrying a very large debt burden, but it is the “average household” that gets hurt, says Mohamed El-Erian, one of the world’s most respected bond-market experts and chief economic adviser at Allianz.
Mohamed El-Erian was speaking to Kait Borsay and Peter Cardwell (in for Rosie Wright and Calum MacDonald) on Times Radio Breakfast. Listen live every weekend, 6-10am.
Read the best of our journalism: https://www.thetimes.com/
Listen live to Times Radio: https://www.thetimes.com/radio/live
Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo
Find us on Facebook: https://www.facebook.com/timesandsundaytimes/
Find us on X: https://x.com/thetimes
Find us on Instagram: https://www.instagram.com/thetimes/
