Global investment giants warn: Trump's victory will slow global economic growth, and US companies won't be spared
Tuesday, Oct 29, 2024 3:10 am ET
1min read Singapore’s state investment company Temasek has warned that Donald Trump’s election as US president may not be good for the world economy and financial markets, in an interview. Rohit Sipahimalani, chief investment officer of Temasek International, said a Trump administration would lead to a slowdown in global economic growth that would eventually affect US companies. “The conventional wisdom and consensus is that it is better for the market now that Trump is president,” he said, citing hopes of lower taxes and stronger regulation. “But by 2025, it is not clear.”
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