Global economy faces hidden structural tensions, warns Mohamed El-Erian

Economist Mohamed El-Erian, president of Gramercy Funds Management, warned at the BTG Macro Day 2026 that while the global economy appears resilient due to robust growth and AI-driven market highs, it faces deep structural tensions. El-Erian identified three layers of risk: surface-level stability, underlying pressures such as rising US Treasury yields and yen exchange rate frictions, and fundamental uncertainties regarding geopolitical fragmentation and the long-term impact of artificial intelligence.

In related market developments, US futures are trading higher as investors await producer price index (PPI) data to gauge inflation trends and potential Federal Reserve actions. Additionally, market attention is focused on Oracle's upcoming earnings report, which is expected to provide insight into the current demand and investment pace within the artificial intelligence sector.