El-Erian: Don't Think U.K. Will Avoid Recession

The transcript discusses the economic implications of the UK falling into a recession while avoiding a global recession. It highlights the importance of business investment and consumer confidence in the UK's economic outlook. The conversation shifts to policy responses, emphasizing the need for inclusive growth and the political will to implement changes. The future of the European Union is debated, with a focus on its potential strengthening post-UK referendum. Lastly, Greece's challenges within the Eurozone are examined, particularly the need for debt relief.

What are the potential consequences of a policy mistake or financial accident elsewhere, according to the speaker?

What is the significance of 'inclusive growth' as mentioned in the text?