4
Blackrock CEO Larry Fink, the world’s largest resources manager, said on Monday that stock markets can extend their decline by 20%because of the high tariffs newly imposed by US President Donald Trump.
Fink also noted that the US economy is probably already in the midst of a recession.
Speaking of the New York Economic Club, Fink expressed concern that there is.
But the leader of the world’s largest asset manager said the recent market declines are “more buying opportunity than selling” in the long run and do not pose systemic risks.
