Warren Buffett: Recession "Will Be Deeper And Last Longer Than Many Think"

Warren Buffett: Recession "Will Be Deeper And Last Longer Than Many Think"
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The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.

He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth.

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