The global economy will see a slowdown in growth next year but not a collapse, says banking giant Citigroup. It says the global economy will be able to withstand current stresses from the US housing sector, high oil prices and a weak US dollar. At the same time, Citigroup expects growth in emerging markets like Asia to remain strong. Amid the US housing crisis and financial turmoil, Citigroup is positive that the global economy will remain resilient... CNA
Monday, December 03, 2007
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