Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC

Business

FILE PHOTO: Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter/File Photo

(Reuters) – Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.

“We’re in an economic downturn. What you’re seeing is the inability of central banks to stimulate monetary policy in a way that is normal,” Dalio told CNBC in an interview cnb.cx/2vDGIKQ.

Reporting by Rama Venkat in Bengaluru; Editing by Bernadette Baum

Products You May Like

Articles You May Like

Palantir (PLTR) Q3 earnings report 2024
South Korea’s KASA and NASA to Launch CODEX Solar Coronagraph to ISS
Tens of thousands forced to flee Lebanon after Israeli airstrikes | World News
Clues that Kamala Might Win
What to Wear With Jeans – Denim Color Guide