BlackRock’s Larry Fink says U.S. is very close to a recession

BlackRock CEO Larry Fink told CNBC he believes the U.S. may already be in a recession, citing rising uncertainty and weakening economic sentiment despite strong job growth and retail sales.

He pointed to recent tariffs and the 90-day pause as factors contributing to prolonged uncertainty.

While not seeing a financial crisis, Fink said other CEOs share his recession concerns.

BlackRock’s Q1 results were mixed, with earnings beating estimates but revenue falling short, CNBC has reported.

The firm saw $84 billion in net inflows, bringing total assets to $11.58 trillion.

read more: https://www.cnbc.com/2025/04/11/blackrocks-larry-fink-says-us-is-very-close-to-a-recession-and-may-be-in-one-now.html

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