latest news about growing potential for a recession in the US economy.

Elan Musk, Norel Rubini, and Goldman Sachs Group Inc. They have warned of the growing potential for a recession in the US economy.

growing potential for a recession in the US economy.

Their approach could lead to a difficult landing for the world's largest economy, as the Federal Reserve raises interest rates to reach the fastest inflation rate in decades.

Tesla Musk said on Tuesday that a recession is expected in the United States shortly.

"A recession is inevitable in some cases," Musk said in an interview with John McLaughlin, editor of Bloomberg News at the Qatar Economic Forum in Doha. A recession is more likely shortly. I

"It's not certain, but it seems more likely," Musk said.

The world's richest man told Tesla executives earlier this month that he had a "very bad feeling" about the economy, according to an internal Reuters email.

Goldman Sachs economists cut their forecasts for US growth and warned in a research note on Monday that the risk of recession was rising.

The Goldman Sachs team has a 30 percent chance of entering a recession next year, up from the first 15 percent,,,, and a 25 percent probability of going into recession in the second year if the first year declines. This represents an overall probability of 48% in the next two years, which is higher than the previous 35%.

"We are now witnessing a growing risk of recession," wrote economists led by John Heitz. The main reason is that our path to base growth is currently short, and we are increasingly concerned that if energy prices continue to rise, the Fed will have to meet core inflation and consumer inflation expectations. "By slowing down."

Robin said he expects the recession in the United States to end by the end of this year. The CEO of Rubini Macro Associates told Bloomberg Television that consumer confidence, retail, manufacturing,,,,,,,,,,,,,,,, and housing measures are all slowing down while inflation is high.

"We are getting very close," he said.

To contain rising living costs, the Federal Reserve last week increased its budget cuts and raised interest rates to their highest level since 1994. President Joe Biden

Biden reiterated on Monday that the US recession was not "inevitable" after talks with former Treasury Secretary Larry Summers, who saw a significant opportunity for the country to break the deadlock.