Citigroup expects 'less hard' landing for global economy this year
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.Full Story by ReutersEchoing BofA and Goldman Sachs views last week, the brokerage also said it expected the U.S. Federal Reserve to hike rates thrice this year, taking the Fed funds rate beyond 5%. This article was written by Ryan Paisey at www.forexlive.com.
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.
Echoing BofA and Goldman Sachs views last week, the brokerage also said it expected the U.S. Federal Reserve to hike rates thrice this year, taking the Fed funds rate beyond 5%.
This article was written by Ryan Paisey at www.forexlive.com.
