Aug
31

Norway’s $980 Billion Fund Reveals Bleak View on Global Trade

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  • Norway’s sovereign wealth fund holds 1.3% of world’s stocks
  • Fund says global trade may have reached an ‘inflection point’

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…

Norway’s $980 Billion Fund Reveals Bleak View on Global Trade

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