Famed economist Mohamed El-Erian tells us why he thinks rising oil prices are just one reason recession odds have jumped
Business
Mohamed El-Erian says the Iran war has raised the odds of a recession, but it's not the only risk he's monitoring. The famed economist and former chief investment officer of PIMCO told Business Insider that a US recession is looking more likely as the surge in oil prices feeds a potential inflation spiral. El-Erian said he believes the odds of the US tipping into a recession have risen from about 25% to 35%. That increase has largely been driven by the spillover effects of the US-Iran war, he
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