April 23, 2020 / 4:38 PM / a month ago

Blackrock CEO: equity market has rallied but global economy still in descent

FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton

RIYADH (Reuters) - Blackrock Chief Executive Larry Fink on Thursday said the global economy remains in descent though equity markets have rallied considerably.

He was speaking during an online conference.

Reporting by Marwa Rashad, writing by Alexander Cornwell;Editing by Elaine Hardcastle

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