A global downturn is a possibility, but only in the case of a major geopolitical crisis The US is not headed into a “big recession,” but a mild downturn is possible, billionaire Tesla and SpaceX owner Elon Musk said on the ‘Full Send’ podcast this week. “I don’t think we’re headed into a big recession. It could be a mild recession that lasts for a couple of years,” he suggested, reiterating the prediction he made earlier this week at the Tesla 2022 shareholders’ meeting, where he said the US is “past peak inflation” and likely to see a “relatively mild recession” lasting for about 18 months. On the podcast, Musk s
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