Bond manager: 1-in-4 chance Trump plans won't materialise
But JP Morgan AM's Iain Stealey is expecting higher than average economic growth
Singapore
BOND fund manager Iain Stealey is positioned for higher economic growth in the US. But he acknowledges there is a one-in-four chance that the new administration of US President-elect Donald Trump will fail to execute its plans.
If that happens, the world will get a "muddle through" scenario. The US will not enjoy the big tax cuts, big fiscal spending and deregulation that markets are expecting, he said.
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