Bezos Says Recession Either ‘Likely’ or Already Here, Has Advice for Businesses and Consumers

Bezos Says Recession Either ‘Likely’ or Already Here, Has Advice for Businesses and Consumers
Amazon founder Jeff Bezos in New York City, on Sept. 20, 2021. Michael M. Santiago/Getty Images
Tom Ozimek
Updated:
0:00
Amazon founder Jeff Bezos told CNN in an interview which aired Sunday that he believes the United States is either already in the grips of a recession or is likely going to be in one “very soon,” advising both consumers and small businesses to de-risk and hold more cash.
“The probabilities say if we’re not in a recession right now, we’re likely to be in one very soon,” Bezos said in the interview, which came just days after fellow tech mogul Elon Musk warned of a “serious recession” that would last one or two years.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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