"Assessing the Fragile US Economy: Soft Landing or Hard Recession Ahead?"

Economist Mohamed El-Erian warns of three vulnerabilities threatening a US recession: a slowdown in consumer spending due to depleted pandemic-era savings, uncertainty around inflation rebounding, and worsening geopolitics causing supply chain disruptions and potential price increases. Despite recent GDP growth and lower inflation, there's a risk of growth slowing to 1-1.5%, with a possible negative quarter, challenging the consensus of a soft landing for the economy.