Bridgewater’s Prince Warns of Severely Limited Growth Post-Covid
- The firm’s co-CIO says Asia has done better job managing virus
- Bridgewater employees in China returned to office, he says
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Bob Prince, co-chief investment officer of the world’s biggest hedge fund at Bridgewater Associates, said an unusual combination of low interest rates and rising debt during the pandemic will “severely” limit potential growth rates in the aftermath of the pandemic.
Fiscal policy will remain the primary source of stimulus, fueling the risk that government debts become too high and leading to pressure on exchange rates, he said. These problems will be more acute outside of Asia.