The global economy's luck may run out

Mohamed El-Erian | Allianz | 17 December 2019

This being December, my natural inclination is to review the past year's economic and financial developments to help policymakers and investors anticipate what might be coming in 2020. Calendar 2019 is ending on a relatively positive note, especially when compared to the same time in 2018. There is hope of a global growth pickup, trade tensions have lessened, and central banks have reaffirmed that that they will maintain ultra-low interest rates and ...