Citigroup Cuts Global Growth Forecasts

Citigroup Cuts Global Growth Forecasts – Again – Yahoo! Finance.

“Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.”

We expect more sovereign ratings downgrades among Euro Area countries in the next 3-6 months, including Italy, Spain, Greece, Portugal and Cyprus,” Buiter said.”

Getting worse.

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