Brace for coronavirus hit to economy, says BlackRock’s Larry Fink
Larry Fink of BlackRock – the largest money-management firm in the world. Picture: Jane Dempster for The Australian.
The world’s most powerful fund manager has warned coronavirus could slow the global economy with markets mispricing the likely impact of the pandemic.
In the wake of Wall Street’s biggest fall in two years on Monday, BlackRock chief executive Larry Fink expressed surprise that financial markets had “under-appreciated the severity of the virus” until this week.
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