Citi’s economists lower 2016 global growth forecast to 2.5%

Citigroup’s economists on Wednesday lowered their forecast on 2016 global economic growth to 2.5% from 2.7% percent due to a slowdown in activity in developed economies in addition to weakening emerging markets.

Reasons cited by the economists were a probable “mismeasurement” of China’s economic growth data and a more than expected deterioration among emerging economies, factors which could drag down global growth to below 2%.

Source: Reuters