Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession.
Report informs that the business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with CNN’s Chloe Melas at Bezos’ Washington, DC, home.
Bezos said the probability of economic conditions worsening makes it prudent to save some cash if it’s an option.
“Take some risk off the table,” he said. “Just a little bit of risk reduction could make the difference.”
Last month, Bezos tweeted a warning to his followers on Twitter, recommending that they “batten down the hatches.” The advice was meant for business owners and consumers alike, Bezos said in the interview.