:Citigroup economists on Wednesday raised their global growth forecast slightly and see a 'less hard' landing but still expect the world's economy to grow at the slowest pace in 40 years.The Wall Street brokerage now sees global growth slowing this year to about 2.2 per cent, 0.25 per cent higher than their
:Citigroup economists on Wednesday raised their global growth forecast slightly and see a"less hard" landing but still expect the world's economy to grow at the slowest pace in 40 years.
Citigroup said its cautious pessimism is due to China's stronger and clearer economic outlook than previously estimated, stagnation in the euro area as opposed to a contraction estimated earlier and resilience in the United States."By our reckoning, global headline inflation is still running somewhere in the 6-7 per cent range, well above central bank targets," Sheets said.
Globally, U.S. stocks posted strong gains in the beginning of the year after a rout in 2022, on expectations that inflation has peaked, China's reopening and a pause or cut in interest rates.
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