Interview with Nathan Sheets, Global Chief Economist at Citi

Описание: In an interview with Economy Middle East at Investopia 2024, Nathan Sheets, Global Chief Economist at Citi, discussed the crucial role played by banking leaders in supporting the emerging economic agenda. He underscored the necessity of global banks serving as key providers of capital to new businesses through loans.

Sheets pointed out the alignment between the UAE and GCC's transition away from oil-centric economies and the global trend towards services, data-intensive, and tech-oriented economic landscapes.

He highlighted that the ongoing shift to a services and data-intensive economy necessitates further adaptation. Emphasizing the importance of maintaining confidence in the critical lending role of banks, Sheets stressed the need for banks to reassess collateral processes, considering differences between manufacturing and IT firms.

#Technology #Banks #Finance #Banking #Investopia #IT #Economy