The world economy is directed to a period of divergence, where the powerful nations and corporations perform better, while the weaker will fail Another more.
In a wide-ranging consultation of the Milken Institute Global Conference, former chief executive of Pacific Investment Management Co., Mohammed El-Erian said: "We are approaching to the T-junction, where the period of low growth, or will lead to a real recovery ... or something much worse, not just weak growth and financial instability. "
Post a question and give Kenneth Griffin, founder and CEO of Citadel LLC. Mr. Griffin posits that the effect of low GDP growth in some developed countries can be compensated by a reduction of the population.
Neither refused to predict when the Federal Reserve will raise interest rates.
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