Jan 23, 2025
Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets
The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States was one of the biggest risks to financial markets this year. President Donald Trump has vowed to hit European, Chinese, Canadian and Mexican companies with tariffs, which would likely trigger retaliatory action on U.S. ones. Trump is also rolling back regulation, such as on oil and gas drilling, which is expected to increase economic activity.