Larry Fink: Europe's Attractiveness Grows Post-2024, China Offers Opportunities
Blackrock CEO Larry Fink has shared his insights on global investment prospects at the Blackrock Conference 2021. He highlighted Europe's increasing attractiveness post-2024, singling out Italy, Germany, and France for their economic progress and innovations. Fink also noted a significant shift in European investor culture towards long-term growth.
Fink observed a trend of three million new stock investors in Germany, indicating a growing appetite for long-term investments in Europe. He expressed optimism about Europe's investment prospects, although he did not specify particular countries in detail during the conference.
Looking at the global economy, Fink raised concerns about permanent inflation in the United States, driven by production relocations and disrupted supply chains. He also acknowledged the threat of five new virus variants due to the pandemic's unchecked spread, highlighting the importance of global vaccination rates for economic progress.
Fink believes that economies grow where vaccination occurs, and he stressed the need for global unity in addressing vaccine inequalities. He also advised investors to consider entering the Chinese market, citing regulatory changes and opportunities in financial reporting as positive signs. However, he warned that climate risks are investment risks and urged companies to improve their sustainability reporting.
In summary, Larry Fink sees Europe, particularly Italy, Germany, and France, as attractive global entry opportunities post-2024. He is optimistic about China's future prospects and advises investors to consider entering the market. Fink also emphasizes the importance of addressing climate risks and global vaccination inequalities for sustainable economic growth.
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