China News Service, June 22. According to Bloomberg News, on the 21st local time, the world's richest man and Tesla CEO Elon Musk said that he believes the U.S. economy may fall into recession in the near future.
Data map: The world's richest man, Tesla CEO Elon Musk.
According to reports, at the Qatar Economic Forum held that day, Musk said, "At some point in the future, a recession is inevitable."
He added, "As for whether there will be a recession in the near term, that's a big possibility."
The report also said that Goldman Sachs (Goldman Sachs) economists lowered their forecasts for U.S. economic growth on the 20th.
The risk of a recession is rising, economists said in a research note.
They believe the chance of a recession next year has risen from 15% to 30%.
However, U.S. President Joe Biden was optimistic about the economic outlook.
In an interview last week, Biden emphasized that a recession "is not inevitable," according to the Associated Press.
He also said that the United States is better able than any country in the world to overcome the current inflation.