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Citi Cuts China's 2012 Growth Outlook to 7.8%

Citi on Monday cut its 2012 China growth forecast to 7.8% from 8.1% previously, saying the move reflects slower domestic growth in the second quarter and a further weakening of conditions in the European Union. Citi said China appears to have stabilized at a low level of growth, noting that second-quarter growth will likely ease to 7.3% from a year earlier. It said China was unlikely to roll out a 2008/2009-style stimulus package unless "the sovereign-debt problem in Europe escalates to a full-blown economic and financial crisis and results in a deep recession in the continent." Write to Chris Oliver at AskNewswires@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
04/29/201617:37:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/29/201616:50:00Citi Supports Teach Children to Save Campaign to Prepare Kids...
04/29/201616:39:32Current Report Filing (8-k)
04/29/201616:15:00Citi Second Quarter 2016 Earnings Review
04/29/201616:05:38Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
04/29/201613:13:49Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/29/201612:04:06Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/29/201611:47:16Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/29/201611:09:38Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/29/201609:20:00CBOE Reports Higher Earnings, Revenue Thanks to Trading Shift
04/29/201609:10:00U.S. Inflation Reading Advances Only Modestly in March
04/28/201617:29:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:29:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:27:04Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:22:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:21:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:21:02Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:20:08Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:19:41Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/28/201617:14:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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