Temasek's investment official: Trump's election as US president will slow down global economic rise

On October 29, Temasek International’s chief investment officer Rohit Sipa Himalayani warned that Trump’s election as president United States may not be beneficial to the world economy and financial markets, and will lead to a slowdown in the global economy, which will eventually affect United States companies. "I know the conventional wisdom and consensus is that it’s better for the market now that Trump is president, and he wants to drop taxes and deregulation. But looking ahead to 2025, the picture is less clear. A Harris victory would benefit emerging markets, but if Trump wins, the opposite could be true. If Trump wins, it could mean a stronger dollar, and the Intrerest Rate will be higher than that of the Harris administration. Tariffs are going to create uncertainty, which is never good for investment, and I actually think it’s negative not only for emerging markets, but for the whole world, affecting the global rise. ”