2023 in China is celebrated as the Year of the Rabbit, a symbol of peace, prosperity, and good luck. However, looking at the state of our global economy is less than encouraging. Continued challenges from the pandemic remain in play, the Russia-Ukraine conflict shows few signs of resolution, Europe is in the jaws of a gas shock, and surging inflation has elicited the most aggressive central bank hiking cycle in a generation. In short, the prospects for the global economy look unusually grim. Thankfully, many of the recessions in our forecast are relatively mild and should help pave the way for improved performance by early 2024. Is this all part of the cycle of trends or are we witnessing something completely new? How does business plan for the inevitable behavioral change in how consumers are spending on goods and services?
In this episode, we are joined by guests Elaine Buckberg, Chief Economist of General Motors, and Nathan Sheets, the Global Chief Economist at Citigroup and for a peek behind the curtain into the Economic Outlook through an economist's lens and why they're feeling optimistic.
Citibank N.A. and General Motors are not affiliated and are independent companies. Citibank has onboarded General Motors as a client for payment solutions. The speaker’s views are their own and are not associated or may not necessarily reflect the views of Citi or any of its affiliates. Forecasts may not be attained.
