Economics
Larry Fink Sees Economy Recovering From Virus But Forever Transformed
- BlackRock CEO predicts changes in supply chains, air travel
- Risks abound and markets may not have bottomed, Fink writes
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BlackRock Inc. Chief Executive Officer Larry Fink predicted the economy will eventually recover from the coronavirus outbreak, though he said the crisis will reshape investor psychology, business practices and consumer habits.
The pandemic that swept through nations across the globe this year is causing people to re-evaluate “just-in-time” supply chains and dependence on air travel, Fink wrote in his annual letter to shareholders dated Sunday.