Citi Research cuts global growth forecast and raises inflation outlook
Updated
Updated · Citigroup · Apr 29
Citi Research cuts global growth forecast and raises inflation outlook
11 articles · Updated · Citigroup · Apr 29
It now sees 2026 growth at 2.7%, down from 2.9%, and headline inflation at 3.3%, up from 2.6%, citing Middle East conflict and disrupted oil flows.
About 10 million barrels a day are offline; if Strait of Hormuz disruption persists, Citi warns growth could slow to 1.5%-2% and inflation near 5%, raising recession and stagflation risks.
Citi says Asia faces the biggest downgrades, while India looks relatively resilient, and expects tighter oil markets, higher Brent prices, more central bank tightening and longer-term shifts in global energy supply chains.
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