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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 [email protected]

Stock News for Citigroup (C)
DateTimeHeadline
02/24/201718:34:00Citigroup Confirms Investigations Over 'Princelings' Hiring Practices
02/24/201717:32:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201717:20:22Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201717:15:11Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201717:12:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:58:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:54:12Annual Report (10-k)
02/24/201716:32:59Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:27:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:15:00Citigroup CFO John Gerspach to Present at the RBC Capital Markets...
02/23/201717:30:34Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201717:25:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201717:14:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201717:07:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201717:07:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201716:15:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/23/201713:58:07Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/22/201717:22:50Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/22/201716:42:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/22/201716:36:48Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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