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.
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