Citi warns "more reasons for caution than optimism" & services inflation stays high ...Middle East

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Seeking Alpha (gated) carries comments from Citi analysts. In brief:Global growth expected to slow down this year, citing:“lingering challenges, such as the lagged effects of high rates, and fading momentum in services spending.” “Downside risks persist including elevated geopolitical stress and fears over U.S. commercial real estate,” “While there are also upside risks such as the potential for a faster than expected recovery in global manufacturing, we continue to see more reasons for caution than optimism.”On inflation:“Even with ongoing conflict in the Red Sea, our supply chain pressure index has been strikingly stable of late and points to goods inflation staying near pre-pandemic leve

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Last updated : 26 March 2024 clock 06:29 AM

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Citi warns "more reasons for caution than optimism" & services inflation stays high ...Middle East

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