The global economy may slow down or even fall into recession again in 2012, Lou Jiwei, the head of China's $300 billion sovereign wealth fund, said on Saturday.
"We are relatively optimistic about 2011, but for 2012, it is possible there will be a big drop in economic growth or even recession," Lou, chairman of China Investment Corp , told the Boao Forum for Asia on the southern Chinese island of Hainan.
Lou said major economies may change their current pro-growth policies in the fourth quarter of this year, hurting economic performance.
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