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Wednesday, 20 May 2020

Forget the V: The US economic recovery is going to be a “series of W’s” -El Erian

Forget the V: The US economic recovery is going to be a “series of W’s” -El Erian: The chances of the US economy staging a rapid recovery are slim to none due to the level of uncertainty surrounding the spread of the coronavirus and the development of a vaccine, Mohamed El Erian told Fox News’ Chris Wallace in an interview that aired on Sunday night (watch, runtime: 8:37). “It’s not going to be a neat V. It’s going to be more a series of W’s. Think of a pendulum swinging, and we don't know the magnitude of the swings, and we don't know the duration of the swings or the settling point. So it really is an uncertain outlook," El Erian said.

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