Emerging Economy Growth Excluding China Trails Developed Nations

  • Citigroup cites weak trade, high debt for second-quarter slide
  • Bank cuts 2016 global growth forecast fifth time this year

Economic expansion in most emerging markets lagged behind developed nations for the first time in 14 years in the second quarter as slowing world trade, heavy debt burdens and a pending increase in U.S. interest rates sapped growth, according to Citigroup Inc.

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