Citi tips weak recovery in resources for rest of year

Original article by Vanessa Desloires
The Australian Financial Review – Page: 35 : 24-Sep-15

Citigroup notes that market-traded commodities have delivered flat returns at best during the September 2015 quarter. The firm expects only a modest improvement in commodity prices in the fourth quarter, saying prices will be affected by factors such as the uncertain economic outlook in China and excess supply. Citigroup is also bearish about the outlook for the global economy, and now forecasts growth of 2.7 per cent in 2015 and 3.1 per cent in 2016.

CORPORATES
CITIGROUP INCORPORATED, UNITED STATES. FEDERAL RESERVE BOARD, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES

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