Blackrock CEO Larry Fink warns against the recession amid the rates of Donald Trump: 'I think we are very close ...' | Company Business News

Blackrock CEO Larry Fink expressed concern on Friday about the possible negative growth of the US economy and an imminent recession as the trade war increases. “I think we’re very close to a recession,” Fink said in an interview with CNBC. While US President Donald Trump announced reciprocal rates on April 2, the fear of economic slowdown has arisen with a sale in the stock market. Trump declared a 90 -day break on rates on Wednesday, which, according to Fink, won’t help much to restore the US economy. “I think you’re generally going to see just a slowdown until there is more certainty. And we now have a 90-day break at the reciprocal rates-it means longer, more increased uncertainty, ‘he said. Larry Fink’s long -term outlook on the US economy According to Fink, the US economy is at risk in the short term, while fasting the hope of artificial intelligence and advanced infrastructure to provide ‘transforming investment opportunities’. to enable economic growth in the long run. Larry Fink At reciprocal rates on Friday, Fink addressed the reciprocal tariff announcement on a call with analysts after the company reported financial results in the first quarter. “The livestock US tariff announcements went beyond everything I could think of in my 49 years in finance,” said BlackRock CEO. Jamie Dimon’s warning about recession Fink is not the first CEO to be warned about the possibility of a recession. Jamie Dimon, CEO of JPMorgan Chase & Co. Previously, JPMorgan Chase CEO also told Fox Business that a recession is a ‘likely outcome’ to increase rates. “I’m going to postpone my economists at this point, but I think it’s probably a likely rash,” he said. Fed Jerome Powell chairman over slow growth and inflation last week, Federal Reserve chairman Jerome Powell emphasized that a trade war could lead to higher inflation and slower growth. “We have a very uncertain prospect with increased risks of higher unemployment and higher inflation,” he said. What do experts say about recession? “We are on our way to the recession,” Peter Tchir, head of macro strategies at Academy Securities, told Bloomberg. ‘The world was prepared for’ reciprocal rates’. Whatever the horror launched in the Rose Garden, it’s a disaster – mostly for the US, but also for the global economy, ‘Tchir added. “If the 25% tariff is quickly and largely maintained, and US trading partners refute about tit-by-tat, the US and global economy will not have a depression, but they will have serious recessions,” Mark Zandi, chief economist of Moody’s analysis, will drop at X. “The recession will fall until the next year. 4% to 7.5% at its peak next year. Donald Trump’s reciprocal rates On April 2, Donald Trump revealed steep reciprocal rates on several countries and interrupted 90 days later on Wednesday. After announcing the rates for the first time, Global Markets saw how serious sales were, which was later restored with the announcement of the 90 -day break. First published: 12 Apr 2025, 08:22 am Ist