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Warren Buffett
Warren Buffett.

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  • Warren Buffett issued a negative outlook for the US economy on Saturday.
  • The Berkshire Hathaway CEO said the boom period for his businesses has ended.
  • Higher interest rates and banking pressures are stoking fears of a US recession and credit crunch.

Warren Buffett expects an economic downturn this year, he said during Berkshire Hathaway's annual shareholder meeting on Saturday.

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Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, US Markets and Economy, Inflation, Recession, Interest Rates, Monetary Policy, Credit Crunch, Bank failures, Banking Crisis, Unemployment
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Warren Buffett strikes a dour tone on the US economy, warning the easy-money er…