Larry Fink sees no signs of recession

For the time being, there are no risks to the global economy that could lead to a recession over the next 12 months, says BlackRock CEO Larry Fink.

However, Fink mentioned that we have already entered the last phase of the long economic growth cycle, which implies that there will be a slowdown and a decrease in the rate of growth.

"I see no signs of recession over the next 12 months." - says Fink, who leads the largest hedge fund in the world.

"Central banks have loosened their policies first and foremost because of the weaker last third of 2018. We will certainly enter a phase where things are not" awesome, "but they are not" bad ", adds Fink.

The International Monetary Fund cut its forecast for economic growth this year and noted that growth could be further delayed given the unresolved trade conflict and Brexit.

According to the bank, large economies, including China and Germany, will have to take extraordinary short-term actions to trigger economic growth. Measures to stimulate the economy are also not excluded, on the contrary - they will be the main "edge" of the economies.

German Finance Minister Olaf Scholz rejected the scenario with a new debt to boost economic growth. He will continue to rely on tax cuts, a stable labor market and high investment.

Source: CNBC

Photo: BlackRock

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