Skip to main content

Citibank warns of Trump recession

UNITED STATES: Finance transnational Citibank warned yesterday that a Donald Trump Republican presidency could trigger a global recession.

“A Trump victory could lower global GDP growth by around 0.7-0.8” percentage points, said Citibank chief economist Willem Buiter’s team, claiming that victory for Wall Street favourite Hillary Clinton would instead boost growth.

“Our base case is for a Clinton victory and mostly continuity in policies.”

OWNED BY OUR READERS

We're a reader-owned co-operative, which means you can become part of the paper too by buying shares in the People’s Press Printing Society.

 

 

Become a supporter

Fighting fund

You've Raised:£ 11,501
We need:£ 6,499
6 Days remaining
Donate today