JOURNAL ARTICLE

Nobel laureate Paul Krugman dismisses Elon Musk's economic predictions, calling them conspiracy theories by a 'recession truther'.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Prakash, Prarthana 3 of 3

Abstract

The article discusses the contrasting views on the U.S. economy, particularly focusing on the skepticism expressed by billionaire Elon Musk regarding economic data and predictions of a recession. Musk has publicly stated that a recession is already occurring, despite government data indicating economic growth. In contrast, economist Paul Krugman argues that while a recession may eventually happen, current indicators do not support the claim that one is underway. The article highlights the ongoing debate among economists and business leaders about the state of the economy, with some predicting a downturn while others see signs of resilience. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/07, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • Accession Number:164727336
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