The US economy is in dire straits these days, with the Ukraine war in the wake of the Corona virus epidemic making the superpower even more economically troubled.
At a time when inflation is on the rise here, especially due to petrol prices, and at the same time, public unrest is on the rise.
In this regard, Elon Musk, founder of Tesla and SpaceX, has warned that the possibility of a severe economic crisis for the US economy is increasing.
Concerns of a recession in the world’s largest economy were heightened when interest rates were raised in the United States to combat inflation.
The world’s richest man said that the United States is likely to face a severe economic crisis in the near future.
In an interview on the sidelines of the Qatar Economic Forum, Elon Musk said that a recession was imminent. “It doesn’t have to be this way, but in the current context, it’s more likely,” he said.
Elon Musk recently told Tesla officials in an email that he was not feeling well about the economic situation.
He later said in a message on Twitter that the global economic crisis could last 12 to 18 months.
Responding to a question, he said that in fact recession is a good thing, some idiots have been showered with wealth for a long time and now some of them should go bankrupt.
He added that people living and working at home are being made to feel that they do not need to work because of cowardice, so harsh conditions are necessary to wake them up.
