Temasek sees slower growth and bumpier path ahead

Singapore

TEMASEK Holdings expects slower growth and increased volatility in the year ahead, and continues to be cautiously confident about growth in the United States and China.

The Singapore government-owned investment firm estimates a five-in-six chance that its one-year portfolio returns will range from -21 per cent to 32 per cent for the period ending March 2017. Compared to the 10-year average range of -19 per cent to 33 per cent, this is more biased towards the negative, implying slower expected growth, and just slightly wider, implying higher expected volatility.