The End of the Great Moderation: Forecasting in Elevated Uncertainty
In a global environment with more complexity and uncertainty, we have adopted a probabilistic, scenario-based approach to forecasting macroeconomic and market outcomes.
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Daleep Singh is the Chief Global Economist and Head of Global Macroeconomic Research at PGIM Fixed Income. Mr. Singh is responsible for oversight of the Firm’s Global Macroeconomic Research team, leading the formulation of the global macroeconomic outlook across developed and emerging economies, analyzing key structural shifts, and synthesizing the implications for global interest rate, currency, sovereign, and credit markets. He is a member of the senior investment team and provides thought leadership on global policy and macroeconomic trends.
Prior to joining the Firm in 2022, Mr. Singh served as Deputy National Security Advisor for international economics and Deputy Director of the National Economic Council for the Biden Administration. In this capacity, he coordinated the Administration’s policymaking process for a range of issues at the intersection of economic policy and national security, including economic statecraft, supply chain resilience, innovation policy, infrastructure finance, digital assets, global health security, and climate finance. As the U.S. Sherpa to the G7 and G20, he also acted as President Biden’s representative in major international fora. Previously, Mr. Singh was an Executive Vice President and Head of the Markets Group at the New York Federal Reserve, where he led the implementation for most of the Fed’s emergency facilities launched during the COVID-19 pandemic. Earlier in his career, Singh served as an acting assistant secretary for financial markets at the Treasury Department during the Obama-Biden Administration, as well as a deputy assistant secretary for international affairs. Before and after his time in government roles, Mr. Singh held positions in the private sector and academia, including when he taught a popular graduate course on geoeconomic strategy.
Mr. Singh earned a BA from Duke University and graduate degrees from MIT and Harvard University, with a focus on international economics. Additionally, Mr. Singh was named one of the 2022 Bloomberg 50, an annual list of innovators, entrepreneurs, and leaders who have changed the global business landscape.
All information as of May 2023. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.