BlackRock chief executive also said sustainable economic growth of 3% is unlikely
Mr. Fink, who runs the world’s largest asset manager, also called the possibility of sustainable 3% growth unlikely. Part of the challenge the U.S. faces, Mr. Fink said, is demographics. Baby boomers, the largest living generation in the country is aging, reaching retirement age.
.. Mr. Fink said growth between 2.25% and 2.75% was more realistic, noting savings from tax cuts should be channeled into an infrastructure stimulus program.
.. “We’re growing slower than France. That’s really terrible,” he said.