Citigroup's Surprise Indexes Flash Negative Around the Globe
- Investors fret as economic misses raise risk of slowdown
- Fears increase on heels of best asset market start in years
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A slew of weak economic numbers have caught analysts by surprise around the world and reinforced investor concerns that a deep global slowdown may be around the corner.
Indicators of whether data will beat or fall short of expectations are now negative in all major markets, according to Citigroup’s economic surprise indexes. Citi’s global benchmark touched the weakest since 2013 on Monday. Those readings were reinforced by unexpected cuts to growth forecasts by China, Europe and the OECD this week.