Sunny, with a chance of recession

 

E t h e r e a l
Shabbir Siraj / Travel Photos / CC BY-NC-ND

Europe will remain in recession for much of 2013 and 2014, and Greece could well exit the Eurozone, but it will do little to stop broad-based growth in the global economy, according to Citibank.

“We expect consumption and investment will grow rapidly across many emerging markets in coming years, especially in Asia and the Middle East, reflecting policy loosening plus background drivers of rapid growth of middle-income consumers, urbanization, and major infrastructure projects by cash-rich governments and state-linked bodies,” says Michael Saunder, analyst at the bank. CONTINUE READING

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