China Will Respond Too Late to Avoid Recession, Citigroup Says

  • Growth of 4% on “mendacious official data” likely, Buiter says
  • Chinese slowdown will drag global growth to below 2%

What Does China's Volatility Mean for the World?

China is sliding into recession and the leadership will not act quickly enough to avoid a major slowdown by implementing large-scale fiscal policies to stimulate demand, Citigroup Inc.’s top economist Willem Buiter said.

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