Weeks after the Royal Bank of Scotland advised its investors to “sell everything,” Citi has decided to provide its own clients with fodder for a panic attack. In a report released Thursday, the bank warned that the global economy appears to be “trapped” in a “death spiral.” However, Citi’s report predicts that the global economy will find its way out of this trap. Although the bank suggests a continuation of the status quo would eventually lead to ruin, it predicts that policymakers will find a way out of the status quo.
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The Global Economy Is in a ‘Death Spiral’
