ELon Musks Says The Global Economic Decline Could Last “Until Spring of ’24.”


Musk isn’t the only corporate titan to express fear about the economy.

In a tweet Wednesday, Amazon founder Jeff Bezos said it’s time to “batten down the hatches” in preparation for rough economic waters ahead. That tweet accompanied a video of Goldman Sachs CEO David Solomon, who said in a CNBC interview that he thinks there’s a “good chance” of a recession in the U.S.

“The U.S. actually is in — North America’s in pretty good health,” Musk said. “A little bit of that is raising interest rates more than they should, but I think they’ll eventually realize that and bring back down, I think.”

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However, he said China is in “quite a burst of a recession of sorts” driven by the real estate market, while Europe “has a recession of sorts, driven by energy.“