2017-09-01 18:00

World‘s Biggest Wealth Fund Reveals Bleak View on Global Trade

REUTERS/Jon Nazca
REUTERS/Jon Nazca
The man running the world‘s biggest sovereign wealth fund says there‘s every indication that global trade is suffering from something more serious than a temporary slowdown.

Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, as the fund is known, says the heyday of cross-border trade is probably behind us.

„The question investors are asking themselves is if the easy wins already have been made,“ Slyngstad said in an Aug. 29 interview from his office on the top floor of Norway‘s central bank in Oslo. „The global supply chains have in a way had a one-time gain primarily through outsourcing of multinationals to China.“ 

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