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GIC sees inflation and geopolitical tensions weighing on investments, highlights AI potential

The Straits Times LogoThe Straits Times14h ago

GIC sees inflation and geopolitical tensions weighing on investments, highlights AI potential - The Straits Times

Quick Summary:

The sovereign wealth fund said despite recent macroeconomic resilience, risks remain to the investment outlook.

The fund posted an annualised rolling 20-year real rate of return of 3.9 per cent for the period ending March 31, 2024, after adjusting for inflation, down from 4.6 per cent the year before.

But artificial intelligence (AI) could emerge as a bright spot, with faster adoption of the technology potentially driving productivity through areas like automation, predictive analytics and improved decision-making, it noted in its annual report on July 24.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 05:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 969 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21757643

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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