Allianz's chief economic adviser Mohamed El-Erian speaking in HK 16 Jan
- sees US Fed raising rates at least 3 times but main risk is US$ becoming too strong too quickly
- there is a strong view that 2017 outlook is similar to 2016 but with upside risks more pronounced
- global growth to be below 3% in 2017 with US growth of 2.5-3% outperforming others
- global economy moving into recession is one scenario
- BOJ is somewhere between ineffective and counter productive
Allianz SE is the corp parent of Pimco where El-Erian formerly served as CEO co-chief investment officer between 2007-2014. He has latterly also been chairing out-going President Obama's Global Development Council.
His 2008 book, "When Markets Collide," was a New York Times and Wall Street Journal bestseller, won the Financial Times/Goldman Sachs Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK)
He holds a master's degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University. He is an Honorary Fellow of Queens' College, Cambridge University.