Citigroup CEO: Europe More Likely to Head Into Recession Than US
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession.
Europe definitely felt more likely to be heading into a recession than you see in the U.S.
The European Central Bank (ECB) feels like the ECB is a few months behind where the Fed has been in getting its arms around inflation and without quite the same flexibility that U.S. has. It’s certainly not our base case that it will be, but it’s not easy to avoid either.
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