CNBC: Citi: World economy seems trapped in ‘death spiral’
The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.
"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.
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Update: Citi: 'We Should All Fear Oilmageddon' (Bloomberg)
WNU Editor: President Obama has a different point of view .... Obama touts economic record, rips GOP's 'doom and gloom' (The Hill).