Rain Newton-Smith is the Chief Economist at the Confederation of British Industry. She and her team provide business leaders with advice on the UK economic outlook and global risks. Previously, Rain was head of Emerging Markets at Oxford Economics where she managed a large team of economists and was the lead expert on China. Prior to that, Rain worked on the international forecast for the Monetary Policy Committee at the Bank of England and also led a team with responsibility for developing a risk assessment framework for the UK financial system. While at the Bank, she also went on secondment to the International Monetary Fund in Washington D.C. where she was adviser to the UK executive director. Rain was honoured by the World Economic Forum in 2012 as a Young Global Leader.