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Citigroup awaits the growth of global equities by 18% till the end of 2023
Citigroup awaits that a global stock market will grow by approximately 18% till the end of the next year due to the current equities' devaluation, as well as their active selloff this year, potentially will attract investors. Meanwhile, Citigroup warns about significant risks of an economic downward.
At the moment, a lot of global equities are traded significantly lower of their peak levels. For instance, the U.S. benchmark S&P 500 index most time of the year has been in a bear market because of the central banks’ attempts to tackle inflation, which eventually led to a sharp increase in interest rates, thereby raising concerns on the economic downturn.
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