- Jeff Bezos, Elon Musk, and Charlie Munger have flagged the risk of a US recession.
- Carl Icahn, Jamie Dimon, and Ken Griffin are also bracing for a painful economic downturn.
- Here are 12 recession warnings from top executives, investors, and academics.
Jeff Bezos, Elon Musk, and Ken Griffin have sounded the alarm on a looming US recession, joining a chorus of CEOs, investors, and academics predicting a prolonged economic downturn.
Carl Icahn, Jamie Dimon, and Charlie Munger are also bracing for the economy to shrink and unemployment to spike. These experts have flagged numerous growth headwinds, including the Federal Reserve hiking interest rates to cool red-hot inflation, and the Russia-Ukraine war and China’s ongoing lockdowns disrupting global trade.
US Chicago Fed Nat Activity Index Oct: -0.05 (est -0.03; prevR 0.17)
— LiveSquawk (@LiveSquawk) November 21, 2022