In the Australian press, comments from Citigroup economist Willem Buiter:
- China "is an economy that's sliding into recession," the renowned chief economist at Citigroup told a media call hosted Thursday by the Council on Foreign Relations in New York.
- Chinese authorities "will respond, but they will respond too late to avoid a recession, which is likely to drag the global economy with it down to a global growth rate below 2 per cent -- which is in my definition a global recession," said Buiter, a former external member of the Bank of England.
Bolding mine
