At the 2025 Bloomberg New Economy Forum in Singapore, GIC CEO Lim Chow Kiat outlines how the global economy is undergoing a deep and lasting transformation. He explains that while cyclical and structural forces continue to matter, the world is now being shaped by foundational shifts — led by AI, geopolitics, and climate change. These forces are driving fragmentation, raising business and defence costs, and pushing inflationary pressures higher. Lim highlights a potential K-shaped future where large companies and tech-driven incumbents gain an edge, provided they can adapt quickly. He discusses what this means for capital allocation, competitive dynamics, and why data-rich incumbents may emerge as the biggest winners in the AI era.
