El Erian; The Global Economic Impact of this Weekend’s Developments

Published 23 February, 2011, 12:00, CEST+1 | By the trader

In the short run, regional developments will be stagflationary for the global economy.
In the next few days, markets will react to the changed outlook for the region and the global economy. Over time, market apprehension is likely to give way as the impact of greater long-term stability in a key part of the world is felt.

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