The back to back collapse of crypto friendly lenders Silicon Valley Bank (SVB) and Signature bank re-ignited the recession risks. However, the rescue deal of Credit Suisse made sure that the downturn might be near. However, BlackRock executive assured that the Recession might be postponed but not canceled yet.

As per reports, BlackRock Inc’s deputy chief investment officer stated that slowing growth and persistent inflationary pressures indicate that the market will see a major divide between winners and losers ahead.

Helen Jewell, Global Director of Research at BlackRock mentioned that you can’t have inflation at these levels without registering margin pressure on companies.

(By Ashish Kumar)