The Market Is Bracing for a Global Recession

From Myles Udland writing at Business Insider:

Financial markets seem to be bracing for a global recession.

According to analysts at Citi, financial markets are moving toward pricing in a global growth recession even as economic data indicates such a recession is by no means inevitable.

The caveat is that Citi defines a global growth recession as global gross-domestic-product growth of less than 2%. The International Monetary Fund, for its part, expects global GDP to grow by 3.4% this year.

“A global growth recession is far from assured but financial markets seem to be on their way to pricing one in,” Citi wrote on Thursday.

Read the rest of the story at Business Insider.