Citi sees global growth slowing below 2% in 2023

The brokerage’s strategist mentioned the ongoing challenges posed by COVID- the pandemic and the Russian-Ukrainian variegation – which has soared inflation to multi-decade highs and triggered aggressive policy tightening – as reasons behind the outlook. “We think global performance may (is) be troubled” said Citi strategists led by Nathan Sheets: One-year ‘rolling’ country-level recessions.