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IMF economic forecast: UK doesn't have 'external engine that it once had' - El-Erian

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As the IMF warned the world's economy is entering a "perilous phase" of low economic growth and high financial risk, Mohamed El-Erian, chief economic adviser at Allianz, has told Sky News, inflation has proven to be much stickier than previously thought.

When asked why the UK is forecasted to be the worst-performing economy in the G7, Mr El-Erian mentioned high energy prices and the limited ability to rely on external partners amid Brexit.

Read more: https://news.sky.com/story/world-economy-entering-perilous-phase-with-uk-to-perform-worst-in-g7-this-year-imf-says-12855069

#imf #g7countries #inflation

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Category
World
Tags
imf, international monetary fund, sky news
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