Trump’s Triumph: A Looming Shadow Over Global Economic Growth
Temasek Predicts Negative Impact on Global Economy if Trump Wins
Temasek’s Concerns on Trump’s Victory
Singapore state-owned investment fund Temasek has expressed concerns that a Republican candidate Donald Trump’s victory in the US presidential election would have a negative impact on the global economy.
Rohit Sipahimalani, Temasek Chief Investment Officer (CIO), stated that a Trump win would lead to increased taxation due to a strong dollar and high interest rates, which would negatively impact investments, not only in emerging markets but also globally.
Sipahimalani further emphasized that the S&P 500 companies generate 25% of their sales overseas, and the slowdown in global growth due to Trump’s election would also have a direct impact on U.S. listed companies.
About Temasek
Temasek is one of the world’s largest state-owned funds with a net portfolio value of $294 billion. The fund has recently changed its strategy to inject more capital into the U.S. market and announced that it will invest an additional $30 billion in the U.S. over the next five years.