BlackRock Inc (NYSE:BLK).'s CEO Larry Fink, speaking at the Berlin Global Dialogue forum on Friday, has indicated the firm's preparedness for further acquisitions to bolster its inorganic growth. BlackRock, a leading entity in stocks and debt investing, manages $9.4 trillion in assets and has recently broadened its portfolio to include private asset strategies, tech, data, analytics services, and financial advice.
The expansion into these new areas has been exemplified by the company's recent acquisition of Kreos Capital. However, Fink also warned of underestimated geopolitical changes that could lead to structural inflation and higher 10-year borrowing costs.
Looking ahead, the CEO anticipates modest recessions in some economies in the near term and predicts a US recession by 2025. In light of these forecasts, he called on business and political leaders to instill a sense of "certainty" and "hope." The insights provided by Fink were assisted by Dani Burger and Julia Manns.
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