Because to the US Federal Reserve’s decision to raise interest rates along with an increase in inflation, American businessman Elon Misk anticipated that the American economy would experience a period of contraction.
According to the American businessman, the American economy will be in a recession until the spring of 2024.
In response to the question of one of his followers on Twitter, Musk said: “I am only guess, but it is possible that (the economic recession continues) until the spring of the year 2024. ”
The United States may see economic stagnation, but it “will not be of an important sort,” US President Joe Biden earlier acknowledged.
The American debt exceeded $ 31 trillion for the first time in history, and according to data from the US Treasury Ministry, by October 3, 2022, it was 31 trillion, 123 billion, 887 million, 781 thousand, 401 dollars, and 34 cents.
From Novosti.
Mask responds. How long will the economic recession continue in the United States?
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