No Signs Of Global Recession In Next 12 Months: BlackRock’s Fink

www.oann.com | 9/26/2018 | Staff
vegdancer18 (Posted by) Level 3
BERLIN (Reuters) – There are no signs that the global economy is sliding toward a recession in the next 12 months, BlackRock Inc’s Chief Executive Larry Fink said in remarks published on Saturday.

In an interview with German business daily Handelsblatt, Fink warned, however, that the global economy was in the late stage of a long growth cycle, suggesting that downturn was becoming more likely.

Signs - Recession - Months - Fink - World

“I see no signs of a global recession in the coming 12 months,” said Fink, who leads the world’s largest asset manager.

“The central banks have loosened their policy above all because of the weak fourth quarter of 2018. We will go through a phase in which things are not great but also...
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