Jane Fraser sees a "mild, manageable" recession

I think everyone's converging now in the States more around a mild, manageable recessionary scenario driven by the strength that we've got in the labor markets.

[...]

The vulnerabilities you normally expect heading into slower economic growth don't exist at the moment: strong corporate balance sheets, strong consumer balance sheets and banks in very good health as well.

~ Jane Fraser, Citi CEO, CNBC interview in Davos, 1:55 and 2:55 mark, January 17, 2023