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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
08/28/201515:56:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201515:26:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201514:39:34Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201514:36:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201514:16:28Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201513:54:03Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201512:38:41Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201512:24:13Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/28/201512:23:48Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201512:15:49Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/28/201510:55:03Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/28/201510:51:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/27/201517:24:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/27/201511:50:00Lilly Lung-Cancer Drug Stirs Price Debate
08/26/201516:34:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/26/201516:04:17Statement of Changes in Beneficial Ownership (4)
08/26/201515:30:00Federal Reserve Increasing Scrutiny of Bank Payment Systems
08/26/201515:28:00Federal Reserve Increasing Scrutiny of Bank Payment Systems...
08/25/201516:30:00Brazil's Caixa Takes Step Toward IPO for Insurance Unit
08/25/201514:36:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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