Mohamed El-Erian warns that financial stress from coronavirus is 'far from over' and says investors must prepare for a debt crunch

• Mohamed El-Erian, the chief economic adviser at Allianz, has warned in a Financial Times op-ed that investor stress from Covid-19 is "far from over" and they must prepare for a debt crunch.
• "The financial stress caused by Covid-19 is far from over," he wrote.
• Investors should choose to focus on adjusting their portfolios while thinking about the recovery value of their assets, the notable economist said.
• He pointed out that the emergence of retail investors in stock markets displays a sense of complacency among investors about the future of the economy.
• "This time, retail investors are front and centre. But it is the next stage that we should already be thinking about," he wrote.
• Visit Business Insider's homepage for more stories.

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In a Financial Times op-ed, famed economist Mohamed El-Erian warned that the financial stress from Covid-19 is not even close to being over.

"The financial stress caused by COVID-19 is far from over," he wrote.

See the rest of the story at Business Insider

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