BlackRock's Fink Sees Slower Growth For U.S. Amid `Dark Clouds'

Laurence D. Fink, chief executive officer of BlackRock Inc., said the U.S. economy is growing more slowly than expected and will expand modestly at 2.4 percent in the second quarter.

“There are still dark clouds we have to face,” said Fink, in an interview with Bloomberg News on Monday. While corporate earnings have been good, “we aren’t seeing that rise in personal income we would have thought,” he said.
Source: FA Magazine

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