NEW YORK, March 6 The head of Singapore's
sovereign wealth fund, which has more than one-third of its
holdings in the United States, says Americans are being too
downbeat about the U.S. economy, according to an interview with
the Wall Street Journal.
Tony Tan Keng Yam, executive director of the Government of
Singapore Investment Corp, said, Americans "don't see the
potential in their own economy, which is one of the most
innovative, open economies in the world," according to the
Tan said he expected the U.S. economy would grow at a rate
of between 4 percent and 4.5 percent. A Reuters poll of almost
70 economists released in February suggests U.S. gross domestic
product will rise 3.2 percent on an annualized basis in 2011.
(Reporting by Lewis Krauskopf; Editing by Bernard Orr)