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- Global recession: A clear and present danger – Citibank
Global recession: A clear and present danger – Citibank
Economists at Citi Group said in a note on Wednesday, they see a 50% chance of a global recession and expect several major economies to slip into one in the next 12-18 months.
Key quotes
"On balance, our forecast sees the global economy skating through and avoiding a synchronized downturn.”
“Incoming recessions are seen to be "relatively mild".
"As good news, this softening of demand has eased pressures on supply chains and supported a retreat in global metals prices,” an element they see as deflationary.
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