Allianz chief economic adviser Mohamed El-Erian said in an interview on Fox News and an op-ed in Bloomberg on Nov. 28 that the emergence of the Omicron variant of the CCP (Chinese Communist Party) virus has revived market fears of stagflation. “Faster inflation is a given,” El-Erian, who also serves as President of Queens’ College, Cambridge, wrote in Bloomberg, with his remarks reinforcing concerns about the persistence of price pressures after recent U.S. government data showed over-the-year consumer price inflation running at a three-decade high in October and accelerating its monthly pace from the prior month. “Now economic growth faces greater challenges,” El-Erian wrote, arguing that the Omicron headlines could revive fears of stagflation, a combination of rising inflation and slowing economic growth. “With low growth and high inflation comes stagflation, and that is what the market is concerned about right now,” El-Erian told Fox News in an interview that aired …