What India's doing domestically is huge... global piece is icing on cake: Citigroup CEO Jane Fraser
growth has started petering out in various parts of the industrial world, particularly the US, there is an increasing likelihood of a soft landing for the major economies emerging out of the «long tail of Covid», Citigroup CEO Jane Fraser tells MC Govardhana Rangan and Bhaskar Dutta. Edited excerpts:
You were prophetic about market volatility in 2022. What's in store for 2024?
A lot of the discussion and debate at the moment globally is around the fact that growth is slowing in many parts of the world, but it is quite a disparate picture depending on where you are. As we look into 2024, a lot of the question in the markets has been about when rates — will begin to come down, by how much and how quickly. When you peel beneath it, we're finally getting to the end of that long tail of COVID. We've come into that period with the consumer healthy, corporate balance sheets healthy. So, we've got a period of likely slower global growth, nonetheless, there's a lot of resilience.
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What's at the top of your mind?
Geopolitics dominates. It is the year of elections and that is going to have quite a big impact on the medium-term macroeconomic and other forces. Then you've also got transformative technologies where there are some countries which are on the front-foot in some
