McDonald’s sues former CEO over alleged relationships with staff – business live

El-Erian, the former Pimco chief executive, told Financial News that while global economies remain at risk of stumbling into a depression, avoiding policy errors of the 2008 economic meltdown should be a top priority.

“It [global depression] remains a risk but one that can be reduced through appropriate government policies and healthy behaviour modifications by individuals,” said El-Erian, who is also a former deputy director of the International Monetary Fund.

“The bigger risk facing the global economy is a repeat of the policy mistake of the global financial crisis: that of winning the war against the threat of a global depression but, importantly, failing to secure… high, inclusive and durable economic growth.”


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