<p style=““ class=“text-align-justify“>Here are some snippets from the latest on the global economy from Citi:</p><ul><li>Global growth to slow to below 2% in 2023</li><li>Sees Fed terminal rate between 5.25% to 5.50%</li><li>Sees 2023 US headline inflation at 4.8%</li><li>Sees US GDP growth of 0.7% next year, China GDP growth of 5.6%</li></ul><p style=““ class=“text-align-justify“>The firm adds that „we see global performance as likely plagued by ‚rolling‘ country-level recessions through the year ahead“, with their forecasts projecting the UK and Eurozone economies to contract by 1.5% and 0.4% respectively in 2023.</p><p style=““ class=“text-align-justify“>As for the slower growth outlook, the firm is citing continued challenges from the pandemic and the Russia-Ukraine conflict, which has led to surging inflation and aggressive policy tightening by major central banks in response.</p>

This article was written by Justin Low at forexlive.com.