Citi Just Made “Global Recession(Depression) In 2016” Its Base Case Scenario
by Tyler Durden
ZeroHedge.com
09/14/2015
48 hours – that’s how long it took Citi’s chief economist Willem Buiter to issue a report which was just as dire as Daiwa’s, but because Citigroup is much more reliant on keeping it traditionally bullish clients as happy as possible, one had to read between the lines to get to the bottom line. This is Citi’s punchline: “A global recession starting in 2016, led by China is now our Global Economics team’s main scenario. Uncertainty remains, but the likelihood of a timely and effective policy response seems to be diminishing.”
The Rest…HERE
