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Citigroup Sees 55% Risk of a Global Recession Made in China

  • Willem Buiter says China may fall into recession from mid-2016
  • Says central banks in rich nations running low on ammunition
Bloomberg business news

Can China, Emerging Markets Bring on a Recession?

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Citigroup Inc. is sounding the alarm bells for the world economy.

In an analysis published late on Tuesday, the New York-based bank’s chief economist, Willem Buiter, said there is a 55 percent chance of some form of global recession in the next couple of years, most likely one of moderate depth and length.