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Larry Fink, chief executive of BlackRock, said the global economy hit by the outbreak of the coronavirus will recover steadily, in part because there are usually no obstacles in a typical financial crisis. (BLK. N) in the annual letter of the week unanimous shareholders.
"The central bank is acting quickly to solve the problems in the credit market, and governments are now taking active action to implement fiscal stimulus measures," he said
As these actions do not face the same structural challenges as they did a decade ago, Fink said, they may work more effectively and more quickly.
While central banks and governments are still expected to be ready to provide more support when needed, a large number of fiscal and monetary measures around the world have helped stabilize investors' nerves.


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