Top economist Mohamed El-Erian says the 'relentless appreciation of the dollar' is terrible news
The dollar's sustained rise is increasing the risk of global stagflation and recession, according to Mohamed El-Erian, the president of Queens' College at Cambridge University.
![Top economist Mohamed El-Erian says the 'relentless appreciation of the dollar' is terrible news](https://content.fortune.com/wp-content/uploads/2022/09/Mohamed-El-Erian-e1664202847319.jpg?#)