BlackRock CEO Highlights Economic Deficit Risk as Top Threat

Larry Fink, CEO of BlackRock, has warned about a significant economic risk: the U.S.’s growing fiscal deficit. He believes this is the biggest threat to the nation’s economy currently. Fink emphasized that unless the US achieves an average annual growth rate of 3% over the next decade, the widening fiscal deficit could destabilize the country’s financial stability. While acknowledging that AI development is not a bubble, he cautioned about inevitable failures in the field, but highlighted the significant investment opportunities this sector presents.