Pimco's El-Erian warns about deteriorating public finances

03/10/2010 | Financial Times (tiered subscription model) · Bloomberg

Mohamed El-Erian, co-chief investment officer at Pacific Investment Management, said the global economy could take a bigger hit than most realize through governments' deteriorating finances. "The importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood," El-Erian wrote for Financial Times.

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Financial Times (tiered subscription model) · Bloomberg

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