Citi's David Bailin says expect a real economic impact from COVID-19

David Bailin, Citi Private Bank's CIO, discusses the market's reaction to the coronavirus pandemic, highlighting its global impact and economic implications. He explains the difference between this event and a recession, noting the potential for a sharp economic decline followed by a recovery. Bailin emphasizes that this is not a structural change in the global economy, and anticipates a strong recovery post-pandemic.

What historical event does the speaker reference to illustrate potential market behavior?

What is the speaker's view on whether the current situation represents a structural change in the economy?

How does the speaker describe the potential recovery after the pandemic?