CITI: Here's What Will Happen To The Global Economy In The Next 4 Years
REUTERS/Christian Veron
But there are so many more market stories we need to be watching.
In it's latest 52-page Global Economic Outlook and Strategy report, Citi's Willem Buiter and his team give us a sense of where the world's major economies are headed.
Citi's Michael Saunders writes that they continue to cut their emerging market growth forecasts, though "this month's revision largely reflects a large cut to our Russia GDP forecast, reflecting heightened uncertainty and the CBR's recent rate hike."
In China, Saunders expects policymakers to react to slower growth by "renewed credit easing."
Among developed economies, Citi expects higher growth from the euro area, UK, and Sweden raising their forecasts, but cut Japan's growth forecast. In the U.S., Citi expects the recent winter weakness to be reversed and thinks rate hikes won't come till mid-2015.
Citi expects the global economy to expand 3.1% this year and 3.4% in 2015. We highlighted their GDP forecasts for some of the world's largest economies going as far as 2018.
Jump To North America »
Jump To South America »
Jump To Western Europe »
Jump To Eastern Europe »
Jump To Asia »
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table