(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 https://cnb.cx/2vDGIKQ.
(Reporting by Rama Venkat in Bengaluru; Editing by Bernadette Baum)
