BlackRock sees no crisis after rout in 2008

For BlackRock Inc., the global economy and financial system are much more robust than they were going into the crisis of 2008 and will withstand the Covid-19 coronavirus impact as long as preemptive and coordinated policy response is delivered.

SINGAPORE: The world’s largest asset manager is betting that the extraordinary market rout this year, while reminiscent of the global financial crisis, is not the start of a similar-sized catastrophe.

For BlackRock Inc., the global economy and financial system are much more robust than they were going into the crisis of 2008 and will withstand the Covid-19 coronavirus impact as long as preemptive and coordinated policy response is delivered.