Supply-side shocks is the new normal
We could well be up for more inflation pressure. This was just one of the reflections as Citi economist Giada Giani shared a high-level view – at Treasury 360° Nordic in Gothenburg on Thursday – of the world economy that corporations and their treasurers are facing.
Is the list of recent shocks finished now that we ticked off covid, Ukraine invasion, tarriff wars and Iran conflict? Giada Giani would not bet it is.
Another inflation hike could have just started – very different in nature from the 2022 spike where food was at the centre. Growth is likely to take a hit, but more than anything, be ready for high levels of uncertainty.
Giani’s session was among those most ticked by delegates to their personal agendas on the Thursday, in other words: very popular.
One of her diagrams showed the income growth across about 30 years for people of different income levels throughout the world. Most had great growth – but a remarkable dip for the 8th decile which is essentially the Western-world middle class gave a clue to what might explain some of the political dissent and turbulence through later years.
Having cheat-stared with Training Day on Wednesday, Treasury 360° Nordic 2026 runs through Thursday 23 April, featuring 1,100 delegates and ending with an 800-guest dinner party.
• News from Treasury 360° Nordic 2026, at Gothia Towers in Gothenburg on 23 April, is gathered here.
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• Find here the main conference website, with the agenda.
• Download the event magazine here .
• Many sessions appear in full as videos in the days or weeks after the event.