Trump’s Triumph: A Looming Shadow Over Global Economic Growth
- 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...
- 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...
- 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...
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.