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

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

FILE PHOTO: China Development Forum in Beijing
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 US$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.

Source: Reuters

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