Citi warns Trump victory could trigger global recession

Previously issued similar warning about China

Global stockmarkets would suffer and the world could plunge into a recession if Donald Trump is elected as president of the United States, Citigroup has warned.

Chief economist Willem Buiter and his team have warned that "a Trump victory in particular could prolong and perhaps exacerbate policy uncertainty and deliver a shock (though perhaps short-lived) to financial markets," Bloomberg reports. "Tightening financial conditions and further rises in uncertainty could trigger a significant slowdown in US, but also global growth," the team wrote. This is not the first time Buiter has warned of a global recession, though previously he expected it to be triggered by the slowdown in Chinese growth. Citi: China is hurling the world into global ec...