Temasek says slowing US economy cause of significant concern

Temasek says slowing US economy cause of significant concern

Photo: Bloomberg

Temasek Holdings Pte., the Singaporean state investor that signaled its intent to slow its investment pace, fears that slowing economic growth in the U.S. adds to mounting risks just as trade tensions are weighing on global confidence and capital spending.

A lot of the spare capacity in the U.S. economy has “disappeared,” creating the risk that the U.S. could eventually roll into a recession as the Federal Reserve keeps hiking rates, Head of Strategy Michael Buchanan said in a Bloomberg TV interview in Singapore on Tuesday. That’s coupled with escalating trade rhetoric and rising U.S. tensions with the likes of Europe and Canada, he said.

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