The coming recession will lead to a profound structural shift, Mohamed El-Erian says. via RT headline image: © Getty Images / jcrosemann There's a tendency to see economic challenges as temporary and quickly reversible, but this time the world is headed for a profound economic and financial shift rather than just another recession, Mohamed El-Erian has warned. El-Erian is the chief economic adviser at Allianz, and former CEO of the influential bond market player PIMCO. The economist wrote in a commentary for Foreign Affairs magazine that a combination of pressures on supply, central bank tightening, and market "fragility" were all likely to weigh on growth. "Three new trends in particular hint at such a transformation and are likely to play an important role in shaping economic outcomes over the next few years: the shift from insufficient demand to insufficient supply as a major multi-year drag on growth, the end of boundless liquidity from central banks, and the increasing fragility