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BlackRock's Fink Says U.S. Lucky to Grow 2% as Oil Prices Slump

  • Fink says equities may be flat in 2016; high yield 'squishy'
  • Europe's economy will surprise on the upside as spending rises
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BlackRock CEO Fink: Janet Yellen Nailed It

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Laurence D. Fink, chairman of BlackRock Inc., said falling energy prices and a stronger dollar are weighing on the U.S. economy, which will be lucky to see 2 percent growth in 2016.

"The economy is decelerating," he said in a television interview on "Bloomberg <GO>" with Erik Schatzker, Stephanie Ruhle and David Westin. Farmers are "getting killed" by the rise in the dollar, and oil may fall below $35 a barrel, said Fink, who runs the world’s largest asset manager.