Interview: Blackrock CEO Larry Fink: "Germany is not investing enough in AI"
The CEO of the world's largest asset manager sees tougher competition for capital, in which Germany must play along in order not to fall behind.
Blackrock's head, Fink, expresses confidence in Germany's economic prospects, citing its relatively low debt-to-GDP ratio of 64%. He believes that private capital will follow government investments in infrastructure projects, which is crucial for Germany's growth. Fink suggests that Germany needs to reform its approval processes to speed up investments and that the country should utilize its fiscal room for maneuver to renew itself.
Blackrock has invested hundreds of billions of dollars in Germany and plans to continue doing so, including through the second Growth Fund of the KfW development bank.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
