SINGAPORE -(Dow Jones)- The world faces the risk of economic stagnation as it pulls out of steep economic downturn, but this could be followed by inflation if policymakers aren't careful, Singapore's sovereign wealth fund said Saturday."We appear to have avoided a global depression and are now in a global recovery," which will extend into next year, Tony Tan, deputy chairman of Government of Singapore Investment Corp., told a panel during the annual summit of the Asia-Pacific Economic Cooperation forum in Singapore.
"I expect higher stagnation risk in the medium term to be followed by higher inflation risk after that," Tan said.
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Singapore's GIC sees recovery continuing next year - Reuters
GIC's Tan highlights increased global risks - FinanceAsia.com
