Citigroup raises global growth forecast, sees U.S. recession in Q4

Citigroup raised its 2023 global economic growth forecast to 2.4%, from 2.2% expected earlier, and now expects the U.S. economy to tip into recession in the fourth quarter of the year.

By Reuters | Updated: Apr 19, 2023, 04.43 PM IST

Citigroup raised its 2023 global economic growth forecast to 2.4%, from 2.2% expected earlier, and now expects the U.S. economy to tip into recession in the fourth quarter of the year.

They had earlier expected a U.S. recession in the third quarter of 2023.

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