Singapore’s Temasek: Trump would not be good for world economy, financial markets

Singaporean investment firm Temasek has expressed concerns over the potential impact of Donald Trump’s presidency on the global economy and financial markets. While Trump’s tax cuts and deregulation may initially appeal to markets, Temasek’s chief investment officer, Rohit Sipahimalani, suggests that his policies could strain international growth in the long term. Sipahimalani believes that a Trump victory may lead to a stronger U.S. dollar and higher interest rates, which could negatively affect emerging markets. Trump’s trade policies, including tariffs, are also a source of concern, as they introduce uncertainty that may deter global investment. In contrast, some investors, such as Standard Chartered, have predicted a Bitcoin rally if Trump takes charge. Temasek’s cautious stance highlights its focus on global economic stability and the potential ripple effects of U.S. policies.