Don't hold your breath: economic rebound will be delayed

Although Citigroup Asset Management believes the global economic slowdown is coming to an end, Anthony Muh, regional head of investment, says a full recovery is unlikely until the first quarter of next year. "Recovery will not come in a U or a V or an L shape but in the shape of a teapot," he says, brandishing the image of a teapot with its spout half-way up one side, and economic growth in the direction of water pouring into the pot's lid and then rushing back up the spout. "Recovery…