Newspaper article China Post

DBS CEO Weighs in on Trump Uncertainty

Newspaper article China Post

DBS CEO Weighs in on Trump Uncertainty

Article excerpt

TAIPEI, Taiwan -- If 2016 was considered uncertain, this year will be exponentially so, DBS Group CEO Piyush Gupta said.

Donald Trump was sworn in as the 45th President of the United States on Jan. 20, 2017, and already, there are grave concerns over the implications of his presidency, he said.

"Similar to most people, I started with a lot of concern about what the Trump presidency means and all the things that could go wrong," he said. "Much of Trump's rhetoric and many of his statements have been deeply unnerving, putting many people on edge. I believe the Trumptweets will continue, and markets will see-saw through the year. More importantly, there is a real possibility of accidents as people react to his flippant comments in real time. However, that notwithstanding, my base case, which offers a little more optimism than most people have, is that he will do less damage than most people think, and that the global economy in 2017 may well surprise on the upside.

"We're likely to see a GDP growth rate this year of 2. …

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