AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
BR100 11,925 Decreased By -60 (-0.5%)
BR30 35,736 Decreased By -186.7 (-0.52%)
KSE100 113,862 Decreased By -665.8 (-0.58%)
KSE30 35,401 Decreased By -298.1 (-0.84%)

image
LONDON: US investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing.

Citi cut its forecasts for global economic growth for 2016 to 2.7 percent from 2.8 percent, citing pressures from disinflation.

"Risks to our growth forecasts probably remain to the downside, with increasing risks of global recession," Willem Buiter, global chief economist at Citi, wrote in a research note.

World stock markets have slumped since the start of 2016, as a slide in the price of oil has rattled investors and raised concerns about a slowdown in the global economy.

Copyright Reuters, 2016

Comments

Comments are closed.