BNP Paribas Wealth Management's Investment Strategy for April 2023

BNP Paribas Wealth Management unveils its investment strategy for April 2023. The banking crisis is not over, but the good news is we don't believe we're in the middle of a systemic crisis like we saw in 2008. Edmund: We do forecast a recession in the US this year; it's more likely now because of bank stress and interest rate hikes from the Federal Reserve. Europe can just about avoid recession, maybe very low growth for the rest of this year, but not negative growth.