‘Economy is hanging on by its fingertips’: 2008 recession caller Jim Walker warns of US slowdown, sees India as big winner

Dr Jim Walker, the economist who predicted the 2008 financial crisis, says the US economy is “hanging on by its fingertips”, with AI-led capital expenditure masking weakness elsewhere. In an exclusive conversation with ET Now, Walker warned of a significant slowdown in the second half of the year, questioned the returns from the massive AI investment cycle and flagged the widening gap between US…