Fink Warns of Brexit Recession in the UK
Larry Fink, chairman and chief executive of BlackRock, has warned that the UK’s decision to leave the European Union will trigger a “short-term” recession.
Speaking to the Financial Times, he said: “I expect a slowdown, as the Bank of England said in their policy statement, and we heard that loud and clear from the leaders of different companies last week.”
Fink expects Britain’s gross domestic product (GDP) will fall by two percentage points, to as low as minus 1%
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