27-07-2022, 07:20 PM
Singapore state fund GIC is directing money towards real estate and other inflation-protecting assets as it prepares for several years of disruption from rising prices.
GIC’s management said in an interview with the Financial Times that soaring inflation could reverse gains it had made in recent years and warned..
We could be staring at a prolonged period of difficulty. [Stagflation] could last as long as a decade,” said chief executive Lim Chow Kiat, referring to the painful mix of high prices and low growth.
GIC’s management said in an interview with the Financial Times that soaring inflation could reverse gains it had made in recent years and warned..
We could be staring at a prolonged period of difficulty. [Stagflation] could last as long as a decade,” said chief executive Lim Chow Kiat, referring to the painful mix of high prices and low growth.