BlackRock CEO Larry Fink has stated that despite market volatility and uncertainty, the “mega trends” driving the financial world are still intact. Fink believes these big trends, including artificial intelligence (AI), data centers, and other cutting-edge technologies, will continue to shape the economy.
However, he notes that some of these trends may be delayed or modified due to President Trump’s tariffs and the likelihood of a recession. Fink remains optimistic for the long run, acknowledging that execution timelines may be impacted but expecting the mega trends to persist.
Fink also warned that inflation could surge as a result of the tariffs and other issues. According to a report, even construction costs are expected to rise by up to 26% due to the tariffs on home building. This exacerbates the existing housing affordability issue.
Fink’s assessment contrasts with the current situation, which he characterizes not as a pandemic or financial crisis but rather as a self-inflicted problem for the US, having moved from being a global stabilizer to becoming a destabilizer post-World War II.
Source: https://dailyhodl.com/2025/04/13/blackrock-ceo-updates-macro-outlook-says-mega-trends-still-underway-amid-reorientation-of-us-economy