Economy a lot more uncertain than we thought - Amazon CEO

Wednesday, 30. November 2022 18:57

Amazon.com Inc.'s CEO Andy Jassy said on Wednesday at the New York Times DealBook Summit that the economy is, at present, "a lot more uncertain than previously thought."

"This time last year it looked like we were coming out of the pandemic and then omicron happened, the war in Ukraine happened, the inflationary environment that we are in happened. They are issues that not just Amazon is dealing with," Jassy stressed.

He went on to explain that although consumers are still spending, they are now being "very thoughtful and trying to stretch their dollars." Jassy underlined that people "care a lot about a bargain now" as a result of "uncertain economies."

Related Links: Amazon.com Inc.
Author:
Baha Breaking News (BBN) / AY