Nathan Sheets:"Global Growth: Absorbing the Blow from Tariffs"

Nathan Sheets

Global Chief Economist

Citigroup

"Global Growth: Absorbing the Blow from Tariffs"

ABOUT THE EVENT

The global economy this year has shown remarkable resilience, largely shrugging off the effects of President Trump's tariffs.  Part of the solid performance reflects frontloading of spending, as US households and firms have sought to front run the tariffs, and is likely to be paid back.  But, in addition, the underlying economy has shown surprising momentum and flexibility, which has been a recurrent theme over the past few years.  Burgeoning AI investment is another important factor that has boosted growth.

BIO

Nathan Sheets, Ph.D., is Global Chief Economist at Citi Research. In this role, Nathan leads Citi’s surveillance and forecasting of the global economy and directs the analysis of the firm’s economics team. He interacts closely with Citi’s major institutional clients and internal risk takers, and publishes research on cross-cutting themes shaping the global economy and financial markets.

Most recently, Nathan was Chief Economist and a member of the senior investment team at PGIM Fixed Income. He also has served as Under Secretary of the U.S. Treasury for International Affairs, representing the U.S. government on international economic issues. Previously, he held positions with Citigroup, as Global Head of International Economics, and with the Federal Reserve Board, as Director of the Division of International Finance and FOMC Economist. In addition, Nathan was a senior advisor to the U.S. Executive Director of the International Monetary Fund and a visiting fellow at the Peterson Institute for International Economics. He joined Citi in October 2021.

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