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Citigroup economists have slightly raised their global growth forecast and see the Federal Reserve hiking interest rates three times in 2023.
Citigroup sees a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 years.
The Wall Street brokerage now sees global growth slowing this year to about 2.2%, 0.25% higher than their previous estimate.
The reason is improving macroeconomic trends, according to a note by economists led by Nathan Sheets.
GOLDMAN SACHS EXPECTS 3 MORE FED RATE HIKES THIS YEAR