Citigroup's Top Economist Cautions on Cracks in US Economy

Sunday, 26 May 2024, 15:42

Andrew Hollenhorst, Citigroup's top economist, delivers a sobering message on the weakening labor market indicating vulnerabilities in the US economic outlook. The warning highlights potential ripple effects that could escalate rapidly, posing significant challenges to economic stability.
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Citigroup's Top Economist Cautions on Cracks in US Economy

Citigroup's Chief Economist Warns of Economic Cracks

Citigroup's top economist, Andrew Hollenhorst, raises concerns about the US economy as the labor market shows signs of deterioration, potentially leading to far-reaching consequences.

Key Points:

  • Warning: The labor market vulnerabilities could have severe repercussions.
  • Risk: The identified cracks may snowball into larger economic issues.
  • Implications: Andrew Hollenhorst suggests urgent attention is needed to address the underlying weaknesses.

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