Mohamed El-Erian, chief economic adviser to Allianz, has warned that the world’s biggest economies are at risk of repeating the mistakes of the global financial crisis as they battle the fallout from the coronavirus crisis.
El-Erian, the former Pimco chief executive, told Financial News that while global economies remain at risk of stumbling into a depression, avoiding policy errors of the 2008 economic meltdown should be a top priority.
