New Delhi, April 12 -- BlackRock CEO Larry Fink on Friday raised concerns over the possible negative growth of the US economy and a looming recession as the trade war escalates.

"I think we're very close, if not in, a recession now," Fink said in an interview with CNBC.

As US President Donald Trump announced reciprocal tariffs on April 2, fears of economic slowdown arose along with a sell-off in the stock market. On Wednesday, Trump declared a 90-day pause on tariffs, which will not help much to restore the US economy, according to Fink.

"I think you're going to see, across the board, just a slowdown until there's more certainty. And we now have a 90-day pause on the reciprocal tariffs - that means longer, more elevated uncertainty," h...