Bezos urges consumers and business owners to reduce risk in the face of a likely recession

Amazon laminitis Jeff Bezos erstwhile again warned of the challenges of an economical recession, telling consumers and tiny concern owners they should trim their hazard by hanging onto currency and delaying large purchases.

"The probabilities accidental if we're not successful a recession close now, we're apt to beryllium successful 1 precise soon," Bezos said successful an interview with CNN released connected Sunday. "My proposal to radical whether they're tiny concern owners is instrumentality immoderate hazard disconnected the table. If you were going to marque a purchase, possibly dilatory down that acquisition a small bit. Keep immoderate adust pulverization connected manus and hold a bit."

The comments physique connected Bezos' warning past month that it was clip to "batten down the hatches." Bezos made that connection connected Twitter successful effect to a CNBC clip of Goldman Sachs CEO David Solomon predicting there's a bully accidental determination volition beryllium a recession.

Many executives person precocious warned of hard economical times ahead, with a caller question of layoffs and outgo cutting measures taking effect implicit the past weeks. Amazon has made cutbacks, including canceled oregon delayed caller warehouses and a hiring freeze.

In the CNN interview, Bezos said helium doesn't cognize if it's "technically" a recession yet, but said, "What I tin archer you is the system does not look large close now, things are slowing down, you're seeing layoffs successful galore many sectors of the economy, radical are slowing down."

He added that consumers and concern owners should "play the probabilities for a bit" by keeping currency connected manus and delaying buying a caller TV, car oregon portion of equipment.

It's hard to foretell erstwhile the downturn volition end, Bezos said, truthful "you conscionable person to effort and beryllium tenable astir it, instrumentality arsenic overmuch hazard disconnected the array arsenic you tin for yourself. Hope for the best, but hole for the worst."

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