El-Erian: Economic recovery held back because people don’t trust each other over coronavirus

El-Erian: Economic recovery held back because people don’t trust each other over coronavirus

The U.S. economic recovery has been held back because Americans lack trust with one another over the coronavirus, Mohamed El-Erian told CNBC on Thursday. “It is very difficult for any individual to be certain whether the other person is healthy or not, and that other person is not certain whether you’re healthy or not,” El-Erian said in a “Squawk Box” interview.

By Miki