Latest client note out from Citi
- 2016 forecast now +2.9% vs +3.1% prev
- 4th consecutive downgrade
- global conditions likely to remain disinflationary
- cites China providing downside risks
- expects first US Fed hike in Spring 2016, BOE in Q4 2016
- sees further easing in coming months from ECB,BOJ,PBOC
Cautionary note from Citi reflecting current global uncertainty