Amazon founder Jeff Bezos warns of possible Recession; advises what to bring off the table

Amazon founder Jeff Bezos has once again issued one of his starkest warnings yet about the global economy. Bezos has urged the consumers and businesses to postpone their large purchases as the fear of recession is mounting. Speaking to CNN’s Chole Melas in an interview, Bezos has cautioned that the coming months could bring prolonged downturn. Bezos has recommend that households should consider putting a hold on purchasing big-ticket products such as cars, televisions and appliances. He urge the consumers to save that money as it will make a lot of difference if the economic worsens. Along with this, Bezos has also advised the small businesses to avoid large capital expenditures or acquisitions during this uncertain period. “Take some risk off the table,” Bezos said. “Just a little bit of risk reduction could make the difference.”