Singapore's GIC warns of global slowdown, says wary of tech valuations

Singapore's GIC warns of global slowdown, says wary of tech valuations

Pedestrians walk past an office tower in the central business district in Singapore, on Friday, April 27, 2018. Photographer: Paul Miller/Bloomberg

Singapore’s sovereign wealth fund GIC Pte. warned that its investment returns will be lower in coming years, as trade disputes escalate and the odds of a global economic slump increase.

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