Warren Buffett: 'US economy is slowing down, but I'm not concerned'

Believes US is best place to invest

Jayna Rana
clock • 1 min read

Billionaire investor Warren Buffett has said the US economy is noticeably slowing down but vowed to continue investing the way he has always done, even when there are "flashing red lights".

"It does look like the pace of increase in the economy has slowed down," the chairman and CEO of Berkshire Hathaway said in an interview with CNBC. "I would call it somewhere close to noticeably, but I would not go beyond that." He noted that a slowdown in BNSF, the railroad company owned by his holding company Berkshire, was displaying signals of slower growth but added some of the data may be distorted by seasonal factors, such as the weather. However, Buffett said he is not concerned either way and that it would not change the way he invests. He added: "It does look like it is s...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

How big an impact could global elections have on portfolio allocation in 2024?

How big an impact could global elections have on portfolio allocation in 2024?

US, UK and India main focuses

Investment Week
clock 19 February 2024 • 8 min read
Hotter than expected US inflation tempers Fed rate cut expectations

Hotter than expected US inflation tempers Fed rate cut expectations

Annual price growth falls to 3.1%

clock 13 February 2024 • 1 min read
Investors turn defensive in January as rate cut expectations change

Investors turn defensive in January as rate cut expectations change

State Street Risk Appetite index

clock 08 February 2024 • 1 min read
Trustpilot