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  • Fink Warns of Brexit Recession in the UK

    Fink Warns of Brexit Recession in the UK

    15/07/2016

    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…

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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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