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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
08/26/201617:05:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/26/201616:57:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/26/201616:54:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/26/201616:15:07Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
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08/23/201616:42:11Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
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08/23/201613:21:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/23/201610:46:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
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08/22/201617:28:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/22/201617:14:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/22/201616:45:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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