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 Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Markets

Market Movers: SJP 'mindful' geopolitical tensions may escalate

Market Movers: SJP 'mindful' geopolitical tensions may escalate

Advice giant speaks on anticipated risks for its operations in 2024

Professional Adviser
clock 28 February 2024 • 1 min read
Market impact concerns ahead of US and UK elections divide industry

Market impact concerns ahead of US and UK elections divide industry

‘We need someone with a bit of something about them’

Isabel Baxter
clock 02 February 2024 • 3 min read
0.3% GDP growth fails to alleviate 'precarious' economic situation

0.3% GDP growth fails to alleviate 'precarious' economic situation

'An appropriately diversified portfolio is the best approach'

Hope Coumbe
clock 12 January 2024 • 2 min read