Citi recently published its 80-page Global Economic Outlook
and Strategy report, which provides up-to-date commentary and forecasts for the
major economies covered by the bank's army of economists, BusinessInsider reports.
In it, Citi slashed its global growth outlook:
"Global growth prospects are worsening, reflecting the
euro area crisis and emerging market slowdown," wrote Citi Chief Economist
Willem Buiter. "We now expect
global growth of 2.6% this year and 2.7% in 2013, down by 0.1% for 2012 and
down by 0.2% for 2013 from last month."
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