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Tuesday, November 19, 2024

China protests over lockdown measures could mean inflation gets stuck at 4% amid supply chain disruptions, Mohamed El-Erian says

Protests in China over the government’s unrelenting lockdown measures could mean US inflation will get stuck at 4%, as chaos will continue to grip supply chains, according to top economist Mohamed El-Erian. “You cannot re-wire supply chains overnight,” the Allianz chief economic advisor said in an …

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