Citi UK CEO: 'Phenomenal' market resilience is keeping recession risk at bay — for now

Tiina Lee, the CEO of Citi U.K., expects global growth to remain resilient this year, telling CNBC that a "recessionary environment" is "not our base case." Markets have continued to perform in an orderly way, despite the economic and geopolitical upheaval caused by the Iran conflict, which entered its 60 th day on Tuesday, Lee said. She highlighted a ripening opportunity set across AI, data infrastructure, and energy, coupled with record mergers and acquisitions volumes in the first quarter. …