GIC sees 4 major shifts that threaten future returns, raise volatility

Singapore

TENSIONS between the US and China have been worsened by the economic pain from the pandemic. This will add to urgent calls for diversification of supply chains, though a "major retreat" from globalisation will hurt productivity growth, said GIC.

In its latest annual report, the Singapore sovereign wealth fund noted that global supply chains are likely to see "significant" structural change in the post Covid-19 world.