Elon Musk recently said on his Twitter that the global recession will continue until the spring of 2024. He says recession also has a positive aspect, and that is that the activity of companies that should not exist stops.
To Report Cryptopotato, the famous billionaire, has published his prediction in response to one of the new tweets of Billy Markus, the co-founder of Dogecoin.
In his tweet, Marcus joked about the issue of worldwide economic recession and nuclear apocalypse and said:
The statistics related to the corona epidemic are really low. I imagine we should now be worried about an impending worldwide recession and a nuclear apocalypse.
“It would be great if we could go a whole year without a single horrible global event,” Musk wrote in response to the tweet.
In response to another user’s question about the global recession, he wrote:
This is just a guess, but probably [رکود جهانی] to continue until the spring of 2024.
When Elon Musk was asked about the severity of this recession, he replied that depending on the state of the companies and the factors involved in this issue, the severity of the recession can also be different.
He said about this:
Tesla and SpaceX are doing well, but many companies are not. Recessions also have a positive side, and that is that the activity of companies that should not exist stops.
Some experts still disagree on whether the world is in recession or not yet. However, some people believe that if we assume that the economy is not currently in recession, with the continuation of the increase in the bank interest rate in the United States, there will certainly be a recession.
Stanley Druckenmiller, a famous American investor, predicted last month that the US central bank will have to resort to recession by the end of 2023 to reduce inflation.