Monday, July 9, 2012

CITI: This Is What Will Happen To The Global Economy For The Next 3 Years





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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