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Chances of global recession nearing 50%: Citigroup

The Star Business LogoThe Star Business1w ago

Chances of global recession nearing 50%: Citigroup

Quick Summary

BENGALURU: Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic.

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Several central banks, including the U.S.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Federal Reserve Interest rates /Business/Business News Citigroup Economy Inflation Recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 21:30:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 327 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6020

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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