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Sovereign Wealth Funds Briefing - Categorized | Market, People

GIC’s chief: Americans too gloomy on economy

Posted on 07 March 2011

From WSJ: The head of Government of Singapore Investment Corp., one of the world’s most active sovereign-wealth funds, said Americans are being too hard on themselves and have failed to recognize the resilience of the U.S. economy.
In an interview with The Wall Street Journal, GIC Executive Director Tony Tan Keng Yam said negative sentiment is a “problem when I talk to Americans. They don’t see the potential in their own economy, which is one of the most innovative, open economies in the world. Foreigners seem more optimistic.”………………………………………Full Article: Source


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