Blackrock’s Find said that the stock slice may continue in the recession, fears of the trade war

CEO of Blackrock Larry Fink He said that the stock market may see another 20 % decrease amid uncertainty about President Donald Trump’s tariff and that CEOs tell him that they believe that the American economy is likely to be in a stagnation.

“Most of the chief executives I talk to say we are Maybe in stagnation Currently, Fink told New York Economics Club on Monday. The customs tariff is expected to make a wide range of products more expensive, which exacerbates inflationary pressures that have been fixed in recent months.

Despite the disturbances on the market, Fink said the weakness creates a long -term buying opportunity despite the possibility of more declines.

“I would like to say in the long run, this is the opportunity to buy more than the opportunity to sell. This does not mean that we cannot decrease by 20 % of here as well,” Fink said.

Blackrock executive message to Dumps Dei, expanding access to markets

“The economy weakens and we are talking,” Fink said, adding that it sees the economy more slowdown in the coming months with An inflation is likely to rise.

Looking at his fears about inflation, Fink said he did not see any opportunity Federal Reserve Useful interest rates will reduce four or five times this year due to inflation expectations, which can be more challenging with the flow of definitions and the decline in foreign governments.

The Trump tariff was announced on April 2 Markets to drown In the days after that, both Dow Jones Industrial Malce and S&P 500 and NASDAQ have decreased more than 9 % in the past five days and more than 10 % over the past month.

Goldman Sachs increases the possibility of stagnation, warns against making more reduction if it becomes more definitions

Discuss Fink also Blackrock Show To buy a pair of ports on Panama Channel with dozens of other international ports from the Hong Kong -based CK Hong Hong.

He said that the deal is facing the other nine months of organizational review from the Chinese government, which was criticizing the deal, which would witness that Blackrock gets ports in Poa and Crystobal in the Panama channel in addition to 43 outlets in 23 other countries.

index	protection	last	Changing	% Change
BLK	Blackrock Inc.	817.50	5.12	-62 %

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The value of the deal is 22.8 billion dollars, and companies have confirmed that the deal was purely commercial by its nature, amid political concerns about China investments In the facilities about the Panama channel.

Reuters contributed to this report.