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El-Erian: central banks dominate

Jul 26 2012  The global economic outlook is very worrisome, says Mohamed El-Erian, chief executive of Pimco, the global bond asset manager. He tells John Authers, Long View columnist, that we are likely to see a continuing overdependency on central bank policy, which will prove largely ineffecitve for promoting growth.  (7m 52sec)
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Filmed by James MacDonald. Produced by Seb Morton-Clark.
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