www.bloomberg.com
In a Bloomberg Television interview at Davos, BlackRock Vice Chairman Philipp Hildebrand analyzed the “new global order,” noting a shift toward geopolitical fragmentation and multipolarity. He discussed Europe’s precarious economic position, balancing recession risks with the need for fiscal flexibility and energy security. Hildebrand also addressed the AI boom’s impact on inflation, suggesting that while AI promises long-term productivity gains, its massive capital expenditure cycle could sustain inflationary pressures and drive a structural shift in the macroeconomic environment.
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