Several leading mainstream economic institutions are warning of the risk of the coming global economic crisis. On 8 September, the Citi Group published a research report, “Is China Leading the World into Recession?”, written by Willem Buiter, Citi’s chief economist. The report warns that “a global recession starting in 2016, led by China is now our Global Economics team’s main scenario. Uncertainty remains, but the likelihood of a timely and effective policy response seems to be diminishing.”
Hat tip to Randy.