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As the IMF warned the world’s economy is entering a “perilous phase” of low economic growth and high financial risk, Mohamed El-Erian, chief economic adviser at Allianz, has told Sky News, inflation has proven to be much stickier than previously thought.

When asked why the UK is forecasted to be the worst-performing economy in the G7, Mr El-Erian mentioned high energy prices and the limited…..(read more)

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