Willem Buiter, chief economist at Citi and former Bank of England policymaker, warns China’s woes are set to spread
A “hard landing” for China is likely to plunge the world economy into recession in the next two years, Willem Buiter, chief global economist at Citigroup and a former Bank of England policymaker, has said.
As the Federal Reserve in Washington prepares to decide whether to defy warnings of economic fragility and push up interest rates next week, a research note by Citi’s experts warns of a 55% probability of global recession.
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Source: The Guardian Circular Economy RSS