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Mohamed A. El-Erian
Rene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge
A sobering look from the FT at the UK’s position right now: The “higher-for-longer” chart.
This is not a leaderboard to top when growth and investment dynamics are already under pressure.
Moreover, the longer the economy faces such high borrowing costs, the greater the risk that they will stay elevated or climb even higher.
#economy #growth #debt #uk #markets
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