El-Erian Warns Iran War Could Lead To Financial Instability If Shocks To US Economy Continue: Report

Mohamed El-Erian, Chief Economic Advisor at Allianz, on Monday warned that there could be financial instability if the shocks to the U.S. economy due to the Iran war continue to escalate.

During an interview with CNBC, the economist stated that the inflation shock from the Iran war could lead to reduced spending, particularly among low-income households.

“If this continues… so you start with energy shock, interest rate shock, inflation shock, demand shock… then if this continues, which I hope it won’t, we’re going to be talking about financial instability,” he added.

Get updates to this story developing directly on Stocktwits.

Also See: BFRG Stock More Than Doubled Today — What Is Fueling The Surge?

For updates and corrections, email newsroom[at]stocktwits[dot]com.