Citibank points to threats of new global recession

Several trends indicate a coming global economic recession that will last until 2017, warns major bank ahead of big international meeting in Dalian. Key factors include Chinese slowdown and low Russian and Brazilian growth.

Photo: AP / Andy Wong


The slowdown in China's economy is so severe that, combined with the recessions in Brazil and Russia, it could lead to a new global economic recession in 2016.

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