The US can continue to see growth even as worries over the Chinese economy mount, according to Mohamed El-Erian.
“It is all about global economic growth and how much of the burden can the US continue to shoulder — because China is now a detractor to global growth,” El-Erian, the chief economic adviser at Allianz SE and a Bloomberg Opinion columnist, told Bloomberg TV on Friday. “The US has the privilege of being a large, relatively closed economy, well diversified, entrepreneurial. So yes, we could” continue to see strength.
“That has been the story of this year — is that the US has continued to do well and is accelerating even though the rest of the world has been” sluggish, he said.