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☆ Economy might see 'mild recession' like 2002, says Citi's David Bailin
  + stars: | 2023-06-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy might see 'mild recession' like 2002, says Citi's David BailinDavid Bailin, Citi Global Wealth CIO and global head of investments, and David Bahnsen, founder and CIO at the Bahnsen Group, join ‘The Exchange’ to discuss whether we are on the verge of a recession, what the recent job data suggests, and more.
Persons: Citi's David Bailin David Bailin, David Bahnsen Organizations: Citi Global Wealth CIO, Bahnsen
☆ The CIO of Citi Global Wealth explains why an upcoming severe market sell-off will present good entry points for investors in 2023 — and shares the 6 areas where he foresees opportunities post-recover
  + stars: | 2023-04-08 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +6 min
A forthcoming recession will be much worse than investors are expecting, said Citi Global Wealth. The Citi Global Wealth CIO shared the 6 areas he's focusing on to play the recovery. Citi Global Wealth kicked off the new year by announcing that it expected 2023 t0 be the worst year in four decades for the global economy. Like other investors, Bailin is also increasing his exposure to foreign and emerging markets this year. Only when we see a global recovery will we look more broadly at China," Bailin explained.
☆ 2023 will be the worst year for the global economy in 4 decades, Citi predicts. Here's how investors can protect their money and position for a rally later on.
  + stars: | 2022-12-09 | by ( Marley Jay | Lisa Kailai Han | ) www.businessinsider.com   time to read: +4 min
Citi Global Wealth CIO, David Bailin CitiCiti Global Wealth says investors should be cautious ahead of an oncoming US recession. The firm says 2023 will be the weakest year for global economic growth in four decades. "It's highly unlikely that we've seen the lows" in stocks, Bailin said. Overall, Citi thinks that 2023 will be the worst year for the global economy in four decades. But Bailin emphasizes that investors shouldn't sell and go to cash because they'll cost themselves money in that eventual recovery.
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