AKIN OYEDELE for Business Insider
“Our global growth forecasts continue to drift down, and we are cutting 0.1 percent off our 2015 forecast this month, and now look for global GDP growth of 2.8% this year and 3.3% for 2015 (at current exchange rates),” Buiter wrote. “This is the second consecutive monthly downgrade to our 2015 growth forecast, while in total we have cut our 2014 forecast by 0.5 percent (from 3.3% to 2.8%) since January.”
Buiter’s 52-page note offers commentary on every major economy covered by Citi’s army of economists. We highlight a few of the viewpoints for 36 major economies in the Americas, Europe, Asia-Pacific, and Africa. We also include GDP growth forecasts through 2018.
US economy forecast
“Improving consumer and business fundamentals, along with supportive financial conditions (including a massive rise in wealth) are pointing to a solid 3 percent (or better) growth in the next few quarters,” writes Citi’s Peter D’Antonio. “The rebound in growth, especially in private domestic demand, should help drive the unemployment rate below 6 percent later this year.”