“There’s some buffer there,” she said. “To be seen if it’s used wisely or not.”
Meanwhile, Asia is recovering well from the Covid-19 pandemic, and demonstrating “a sense of optimism,” she said.
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis.
Fraser was speaking on a panel entitled the “Global Economic Outlook,” in which she was joined by Francois Villeroy de Galhau, governor of the Central Bank of France and a European Central Bank policymaker.
Villeroy de Galhau said he would “disagree” with Fraser’s prognosis for the European economy, describing it instead as “resilient.”
“The main problem, at least in the short run, is inflation,” he said. “This is why we have to normalize monetary policy.”
