BlackRock’s Despirito Sees ‘Blowout’ U.S. GDP Rebound

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  • Bloomberg Markets and Finance published this video item, entitled “BlackRock’s Despirito Sees ‘Blowout’ U.S. GDP Rebound” – below is their description.

    Apr.07 — Tony DeSpirito, chief investment officer of U.S. fundamental active equity at BlackRock, says the U.S. economic recovery will be “like something we haven’t seen in a generation” due to coordinated monetary and fiscal policy. “I think we’re going to see GDP numbers that are really blowout this year — and then that’s going to translate to earnings,” Despirito says on “Bloomberg The Open.”

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    In This Story: BlackRock

    BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.

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