More global 'uncertainty' in 2010, says Abu Dhabi SWF

16 March 2010

The world's largest sovereign wealth fund, the Abu Dhabi Investment Authority, has said that the global economy still faces 'considerable uncertainty,' Reuters has reported. The sustainability of a global economic recovery is uncertain, as governments are considering rollbacks of stimulus measures, the fund said. Economic recovery may be slower in developed markets, with higher interest rates and taxes hampering growth, Sheikh Ahmed bin Zayed al-Nahayan, ADIA's managing director, wrote in a letter published in the first annual review aimed at enhancing transparency.

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