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data-react-helmet="true" name="description" content="The U.S. is in a period of stagflation leaning toward recession, Allianz SE CEO Mohamed El-Erian said Sunday."/><meta data-react-helmet="true" name="keywords" content=""/><meta data-react-helmet="true" property="og:url" content="https://fortune.com/2022/06/12/were-now-in-a-period-of-stagflation-that-could-devolve-into-recession-el-erian-says/"/><meta data-react-helmet="true" property="og:type" content="article"/><meta data-react-helmet="true" property="og:title" content="'We're now in a period of stagflation' that could devolve into recession, El-Erian says"/><meta data-react-helmet="true" property="og:description" content="“I think you’ve got to be very modest about what we know about this inflation process,” he said. “And I fear that it’s still going to get worse.""/><meta data-react-helmet="true" property="og:site_name" content="Fortune"/><meta data-react-helmet="true" property="fb:pages" content="56501027948"/><meta 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