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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

GIC deputy chairman: Global economy has rebounded

Posted on 18 January 2010

From Dow Jones: Government of Singapore Investment Corp. Deputy Chairman Tony Tan said Monday that the global economy is on the rebound, but warned that the recovery could be derailed if recent monetary and fiscal policies are withdrawn prematurely.

“A key challenge for policy makers is how to properly time the withdrawal of unprecedented monetary and fiscal policies….However, policy makers run the risk of creating excessive inflation over the medium-term, if emergency-levels of policy stimulus are left unchanged for too long,” Tan said at an economic forum in Taipei…………………………………..Full Article: Source

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