WASHINGTON, DC - APRIL 16: Bill Demchak (Chairman and CEO - PNC) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: David Schwimmer (CEO - London Stock Exchange Group ) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Carlos Cuerpo (Deputy Prime Minister and Minister of Economy, Trade and Business - Spain) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Bill Demchak (Chairman and CEO - PNC), David Schwimmer (CEO - London Stock Exchange Group) and Liz Hoffman (Business & Finance Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Michelle Fleury (Business Correspondent - BBC News) and Carlos Cuerpo (Deputy Prime Minister and Minister of Economy, Trade and Business - Spain) speak on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Michelle Fleury (Business Correspondent - BBC News) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Michelle Fleury (Business Correspondent - BBC News) and Carlos Cuerpo (Deputy Prime Minister and Minister of Economy, Trade and Business - Spain) speak on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

Central African Republic Finance Minister Herve Ndoba attends an African Finance Ministers' discussion during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent Nishimura / AFP via Getty Images)