World-renowned Egyptian-American economist Mohamed El-Erian has described the current moment in history as a “generation-defining” one. With the world in the midst of the worst public health crisis since the so-called Spanish Flu in the 1920s and the worst economic crisis since the Great Depression in the 1930s, the path today’s generation of decision-makers choose will, in El-Erian’s view, determine how future generations will come to define them. Currently chief economic advisor at multinational financial services company Allianz and incoming President at Queen’s College, Cambridge in the UK, El-Erian’s has arguably become the most authoritative voice in analysing the crisis and suggesting the ways in which policymakers and business leaders should react. In part, this stading stems from his astute commentary on the 2008 financial crisis. Neither optimistic nor pessimistic, he has been pointing out the challenges, opportunities, and new realities this historic crossroads presents. A World Economy in Crisis “This will be the worst recession for the advanced economies since the Great Depression of the 1930s. This will make the Global Financial Crisis [of 2008], and the Great Recession that followed, look mild,” El-Erian said in a recent talk….
“A Generation Defining Moment”: El-Erian Stresses The Weight of Post-Pandemic Economic Policy
June 8, 2020
