QIA warns some parts of the world could face recession

CEO of Qatar Investment Authority says the sovereign fund is selective on Europe but has not stopped investing in the region, but is going full speed in the US and Asia.

DOHA - The chief executive of Qatar Investment Authority (QIA) said on Tuesday some parts of the world, possibly Europe, could face a recession.

QIA is selective on Europe but has not stopped investing in the region, and is going full speed ahead in the United States and Asia, Mansoor bin Ebrahim al-Mahmoud told the Qatar Economic Forum organised by Bloomberg.

The $300 billion sovereign wealth fund owns stakes in Credit Suisse and Volkswagen AG as part of its European portfolio.