Singapore GIC Chief Warns ‘Divisive Trends’ to Stay for Years
- GIC CEO says policy interventions aren’t long-term solutions
- Economic environment seen as volatile, challenging, Lim says
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One of the world’s largest sovereign wealth funds said “divisive trends” in areas such as economics, technology and geopolitics will remain for some time, meaning investors will have to be more nimble to be profitable.
Lim Chow Kiat, the chief executive officer of Singapore’s GIC Pte, identified this “great dispersion” as a force that needs assessing in order to re-imagine the future as the world undergoes big changes. He also warned that large policy interventions undertaken by governments to avert economic collapse due to the coronavirus pandemic aren’t by themselves a long-term solution.