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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
04/15/201423:41:11Citi Picks Dewilde to Lead Asia Markets and Investor Services...
04/15/201416:48:51MARKET SNAPSHOT: Stocks Gain For 2nd Day In Row After Ukraine...
04/15/201415:52:11MARKET SNAPSHOT: Stocks Bounce Back As Ukraine Worries Ease
04/15/201415:01:49MARKET SNAPSHOT: Stocks Rebound As Ukraine Worries Ease Slightly
04/15/201413:57:11MARKET SNAPSHOT: Stock Losses Deepen As Ukraine Tensions Escalate
04/15/201413:28:33MARKET SNAPSHOT: Stock Losses Deepen Amid Deepenng Ukraine Tensions
04/15/201412:01:52MARKET SNAPSHOT: Stocks Rattled By Housing Data, Ukraine Tensions
04/15/201410:08:36MARKET SNAPSHOT: U.S. Stocks Gain As Coke, J&J Jump After Earnings
04/15/201408:52:57U.S. Stock Futures Rise
04/15/201404:50:10European Markets Steadying After Heavy Losses
04/15/201404:33:21European Markets Steadying After Last Week's Heavy Losses
04/14/201419:30:18Citi's Mexico Unit Says Fraud Will Cut Profit by $112 Million
04/14/201419:20:37Citi's Mexico Unit Says Fraud Will Cut 1Q Profit by $112 Million
04/14/201416:42:11MARKET SNAPSHOT: Stocks Rebound; Nasdaq Erases Late Swoon
04/14/201415:49:35MARKET SNAPSHOT: Stocks Trim Gains; Nasdaq Turns Negative
04/14/201413:20:46LONDON MARKETS: FTSE 100 Turns Higher As Mining Stocks Strengthen
04/14/201413:00:03EUROPE MARKETS: European Stocks Swing To Gains Following Sell...
04/14/201411:56:03MARKET SNAPSHOT: Stocks Rebound On Retail Sales, Citi Results
04/14/201411:39:31U.S. Stocks Stay Higher on Positive News
04/14/201411:00:08LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains

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