Singapore's GIC ready to stress-test portfolio as global recession looms

Singapore's GIC ready to stress-test portfolio as global recession looms

CEO of GIC Lim Chow Kiat poses in this handout picture taken April, 2021. GIC/Handout via REUTERS

Singapore sovereign wealth fund GIC, one of the world’s biggest investors, said it is factoring in the potential for a global recession and was prepared to stress-test its portfolio if need be.