Citibank forecasts global GDP growth to decelerate to 3.8% this year as the world economy enters a slowdown amid growing inflation and imminent interest rate hikes, though it remains optimistic about the growth of cyclical industries with long-term growth.
Citibank analysts recommend investors focus on long-term leaders that yield positive and consistent returns such as IT, healthcare and consumer staples, high-yield bonds and debt in emerging markets in Asia. Analysts urge a focus on investment trends that have consistently been on the rise.
