The US recession could last “a few years” and be quite mild. such an opinion expression SpaceX founder, CEO and chief engineer Elon Musk in an interview with the Full Send Podcast YouTube channel.
“I think the recession can be quite mild and last for several years. Although this kind of thing is pretty hard to predict,” said Musk.
The entrepreneur recognized the possibility of a global recession in the event of hostilities between China and Taiwan.
On the eve of the Chinese People’s Liberation Army (PLA) start Large-scale real-time military exercises in six regions around Taiwan. They will last until August 7th. The maneuvers were a reaction visit In Taipei by Nancy Pelosi, Speaker of the US House of Representatives.
Fox News hosts Steve Hilton in early August declarationUS President Joe Biden plunged the US economy into recession. He noted that the American leader managed to transform a strong economy into a weak and stagnant one with incredible speed.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.