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

Nathan Sweeney (pictured), chief investment officer of multi-asset at Marlborough

Marlborough's Nathan Sweeney: Four potential black swans for 2024

Geopolitical tensions and AI

Nathan Sweeney
clock 04 January 2024 • 4 min read
Market Movers Blog: UK inflation risk spikes following Red Sea delays

Market Movers Blog: UK inflation risk spikes following Red Sea delays

Latest news and analysis

Investment Week
clock 03 January 2024 • 1 min read
The IMF's Gopinath added the economic costs of Cold War II 'could be large' because the world is now even more integrated.

IMF official: World economy at risk of 'Cold War two'

Gita Gopinath

Laura Miller
clock 12 December 2023 • 1 min read
Trustpilot