Jeff Bezos makes a dire prediction

Jeff Bezos makes a dire prediction

The economy has consumers and investors worried, and the former have punished tech company stocks in recent weeks by selling them off.

Consumers are strongly impacted by inflation, which is at its highest level in 40 years. This inflation affects the prices of almost all products and services. It urges caution. Aggressive central bank interest rate hikes to combat these price hikes threaten to push the economy into recession, some economists say.

But for Jeff Bezos, the American economy is already in recession. The founder of Amazon (AMZN) – Get a free report is well placed to take the pulse of the economy because the e-commerce giant is a juggernaut serving consumers and businesses alike.

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