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UK grocery inflation hits 13-year high; Elon Musk says US recession ‘more likely than not’ – business live

Elon Musk: US recession more likely than not in near term

Tesla chief executive Elon Musk has warned that the US economy could soon fall into recession.

In an interview with Bloomberg News at the Qatar Economic Forum in Doha this morning, Musk said it appears “more likely than not” that the US economy enters recession in the near term.

Asked about president Biden’s prediction that

despite rising…

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