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BlackRock chief urges fiscal stimulus as consumers are hurting

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The world is at a "pivot point" in the economic cycle, where governments must step in to augment central bank action with fiscal stimulus, says Larry Fink, chairman and chief executive of BlackRock investment management company.

Singapore

THE world is at a "pivot point" in the economic cycle, where governments must step in to augment central bank action with fiscal stimulus, says Larry Fink, chairman and chief executive of BlackRock investment management company.

Monetary stimulus, he said, stabilised the

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