th Jeff Bezos and Elon Musk, who generally don’t agree on many things, have warned about a looming global economic recession.
In a comment, Bezos said it was time to prepare ourselves for the next crisis in a tweet that included a video of the CEO of Goldman Sachs saying there was a good chance of a recession on the horizon.
In contrast, Musk was a little more upbeat as he sought to allay Wall Street concerns about Tesla’s growth prospects, saying the company has excellent demand for the next quarter and factories are running at full speed.
But he admitted that demand was “a little bit tougher”, and noted that Europe and China were experiencing a “recession of sorts”, warning that Tesla would not meet its sales growth target.
On Thursday, Tesla shares fell 7 percent, despite the company reporting near-record profits in the third quarter.
Analysts and investors are increasingly concerned about Tesla’s ability to maintain its growth in the face of logistical problems and rising inflation.
Musk and Bezos’ comments add to the line of strongmen who worry that the economy will take a turn for the worse. Earlier this month, billionaire Jamie Dimon, chairman of JPMorgan Chase, alarmed the entire stock market by saying a recession could hit the US in as little as six to nine months.
An international research firm has joined warnings of a global recession with soaring inflation and skyrocketing interest rates as the war in Ukraine continues.
And the research company “Ned Davis Research” published a shocking 98.1 percent chance of a global recession.
(comment (it is 8 to 8.5 % , i don’t think it will reach that point not here in USA or that will recession in global economy
“This suggests that the risk of a severe global recession is rising for some time into 2023,” the research firm economists wrote.
As central banks intensify their efforts to control inflation, economists and investors are becoming increasingly pessimistic.
Seven out of 10 economists surveyed from the World Economic Forum consider a global recession at least somewhat likely, according to a report published earlier.
For its part, the World Bank warned, earlier, that the leading central banks risked pushing the global economy into a “devastating” recession next year, while the International Monetary Fund expressed pessimism about the global economy, which is heading towards an even greater slowdown.
The World Bank’s warning is driven by the continued desire of policy makers to raise interest rates very significantly, in the coming months, and to put pressure on financial markets.