Prominent economist Mohamed El-Erian warns that the United States’ recent economic behavior is creating instability, not just at home, but across global markets.
What Happened: In a column published in the Foreign Affairs magazine on Monday, El-Erian states unequivocally that “the United States now sometimes resembles a developing nation,” pointing to the use of abrupt tariffs, soaring deficits, and inconsistent policy execution as signs of dysfunction.
