Q&A with PGIM Fixed Income's chief economist Nathan Sheets

Former Obama-appointed US Treasury official on recession outlook

Lauren Mason
clock • 5 min read

Investment Week speaks to Nathan Sheets, chief economist and head of global macroeconomic research at PGIM Fixed Income, about what could intensify a recession, his current global growth forecast and whether fiscal policy has impacted his economic outlook.

American economist Sheets, who has a PhD in economics from the Massachusetts Institute of Technology, previously served as the Under Secretary of the Treasury for International Affairs for four years, having been nominated by then-president Barack Obama in February 2013. He also spent 18 years working at the US Federal Reserve, and was Citigroup's global head of international economics, before joining PGIM Fixed Income. What is the probability of a global recession right now, and how does that compare with the probability at the start of the year? Do any regions stand out as more or l...

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