Americans are failing to recognize the resilience of the U.S. economy, says Tony Tan Keng Yam,...

|By:, SA News Editor

Americans are failing to recognize the resilience of the U.S. economy, says Tony Tan Keng Yam, director of Singapore's sovereign wealth fund. He expects the U.S. economy to grow "above trend" at a rate of 4%-4.5% this year, and believes that the risk of inflation is very low because of slack in the economy.