Even the most pessimistic analysts are throwing in the towel and conceding that they were wrong. Against that backdrop, top economist Mohamed El-Erian said it may be too early to call for a period of convergence – a period when the economy and financial markets are moving together.
Growing Evidence Of Convergence: Forecasting a convergence and the favorable set of outcomes that would come with that, from better growth and inflation results to rewarding investment performance, would be premature and unwise, said El-Erian in an opinion piece for Financial Times.
