Original article by Tony Boyd
The Australian Financial Review – Page: 1 & 16 : 26-Feb-20
BlackRock CEO Larry Fink says the coronavirus outbreak has highlighted the dangers of being too dependent on China for imported goods, and companies will need to diversify their supply chains. He also expects the coronavirus to have a greater impact on international trade than the tariff war that was initiated by President Donald Trump. Fink adds that rather than relying on the monetary policy measures of central banks, governments will need to pursue fiscal stimulus if the coronavirus affects global economic growth.
BLACKROCK INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT