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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
01/19/201703:02:00Bank Earnings Rise on Trading Revival -- WSJ
01/18/201718:20:00Wall Street Gets Back Its Groove
01/18/201715:19:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/18/201715:13:00Citigroup Reports Higher Earnings on Trading Surge -- 5th Update
01/18/201711:20:00Citigroup Reports Higher Earnings, Lower Revenue -- 4th Update
01/18/201710:31:00Citigroup Reports Higher Earnings, Lower Revenue -- 3rd Update
01/18/201709:26:00Citigroup Reports Higher Earnings, Lower Revenue -- 2nd Update
01/18/201709:17:56Current Report Filing (8-k)
01/18/201708:46:00Citigroup Reports Higher Earnings, Lower Revenue -- Update
01/18/201708:33:00Citigroup Reports Higher Earnings, Lower Revenue
01/18/201707:59:00Citigroup Reports Fourth Quarter 2016 Earnings Per Share of $1.14
01/17/201717:08:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/17/201716:17:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/17/201711:06:00Citibank Nearly Doubles Fee-Free ATM Network Across the U.S...
01/17/201711:00:00Cardtronics and Walgreens Extend and Expand ATM Relationship
01/17/201710:00:00Citi Retail Services Signs Long-Term Credit Card Agreement with...
01/17/201707:12:00Citigroup Hires Former U.K. Foreign Secretary Ahead of Brexit...
01/13/201710:47:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/13/201710:40:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/12/201716:07:00Citigroup Subsidiary Fined $1 Million Linked to Overcharge Fees

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