CITI: Here's What Will Happen To The Global Economy In The Next 4 Years
REUTERS/Christian VeronAnti-government protesters and students block an avenue in front of the United Nations office with tents in Chacao district in Caracas April 1, 2014. Since early February, demonstrators have routinely used debris and burning trash to block the streets of Chacao, a district in the east of Caracas. China's economic slowdown, rising geo-political tensions between Russia and Ukraine, and the Fed's tapering of its asset purchase program are some of the biggest events in markets.
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.
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