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A ‘vicious cycle’ looms, but there’s a bigger factor at play for investors, according to this top economist


‘We are looking at a high probability of a vicious cycle. Public health is deteriorating… policy is not doing anything. The economy is slowly going into recession in Europe, and people are becoming more hesitant to interact socially and economically.”

That’s Mohamed El-Erian, chief economist at Allianz, explaining to Bloomberg TV in a recent interview why the government needs to take…


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