06
Oct
Highlights
• We expect global growth to slow below 2% in the second half of 2025 before rebounding to 2.5% in 2026.
• We anticipate that tariffs will increasingly bite, driving prices higher, reducing real incomes and causing real spending to decline.
• Despite that, we see the tariff-related divot in global economic activity as smaller and more short-lived than feared as 2025 began.
In a new report from Citi Research, Chief Economist Nathan Sheets and a team of analysts and economists outline...