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
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