Since the beginning of 2022, recessions have been the most prominent stories. The present economic climate is attributed to a number of macroeconomic factors across the world. However, one of the chief reasons is Russia’s ongoing conflict with Ukraine. Analysts and market commentators have had their say on it, as has the wealthiest person on Earth, Elon Musk.
There have been several recessions since 1930. The last one, which occurred from 2007 to 2008, was quite bad. Following that, the Covid-19 pandemic caused widespread economic devastation. While the COVID-19 epidemic was wreaking havoc on the United States economy, it resulted in a robust recovery for it. However, according to Tesla CEO and billionaire Elon Musk, it may be time for the party to stop rather soon.
Претходниот месец, Елон Musk said at the Qatar Economic Forum that:
I think a recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not. It is not a certainty, but it appears more likely than not.
Елон Musk
Elon Musk points to a 50-50 chance of a global recession
Not only does Elon Musk have this opinion, but many other CEOs do as well. According to a recent poll by the Conference Board, more than 60% of CEOs worldwide expect a recession in their area of operation by the end of 2023.
Елон Musk has previously commented on market downturns. He predicted that the US economy might fall into a recession and be “hard going” for 12 to 18 months. Elon Musk believes that a recession is not as terrible as many people believe. Elon Musk quipped that “an economic enema” would be needed to clear the blockage.
Recessions are not necessarily a bad thing. I’ve been through a few of them. And what tends to happen is if you have a boom that goes on too long, you get a misallocation of capital. It starts raining money on fools, basically. And sort of the bullshit companies go bankrupt, and the ones that are doing useful products are prosperous.
Елон Musk
The United States of America, the world’s leading economic power, is not taking any chances with recession speculation. The US government has redefined recession in order to avoid one. It has done so to prevent its economy from falling into recession sooner than it wants. Or ever again.
Source: https://www.cryptopolitan.com/elon-musk-foresees-recession-3-ways-to-stake/