April 7 (Reuters) - BlackRock ( BLK ) CEO Larry Fink on

Monday said stock markets could extend their decline by 20% as

the U.S. imposes steep tariffs, noting the economy is probably

already in a recession.

Speaking at the Economic Club of New York, Fink expressed

worry that there is much more inflationary pressure than the

market expects.

But the leader of the world's largest asset manager said the

recent market declines are "more of a buying opportunity than a

selling opportunity," in the long run, and did not pose systemic

risks.