Citi warns ‘rolling recessions’ will shake global economy in 2023

Citi warns ‘rolling recessions’ will shake global economy in 2023

The global economic outlook for 2023 is murky at best, economists at Citi warn.

“As we survey the prospects for the global economy, we see many reasons for concern, including continued challenges from the pandemic and the Russia-Ukraine war, high inflation, and headwinds from central bank rate hikes,” Citi chief economist Nathan Sheets wrote in a client note Wednesday.

“Reflecting these factors, the global economy is likely to endure ‘rolling’ country-level recessions during the coming…


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