Investing.com — Larry Fink, the CEO of BlackRock (NYSE:), has suggested that it might be time to reinvest in Europe, citing an overabundance of pessimism about the region. His comments were made during the World Economic Forum’s annual meeting on Friday.
The Euro zone has seen a modest return to growth at the start of the new year, according to a survey released on the same day. This growth is attributed to stable services activity in January and a reduction in the long-standing downturn in manufacturing.
Fink voiced his views during a panel discussion on the global economic outlook in Davos. He stated that there was “too much pessimism on Europe.” His belief is that it might be the right time to start investing again in Europe, although he also acknowledged that there was still progress to be made, particularly in areas such as the capital markets union.
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