Risk of Worldwide Recession Has Increased to 50%, Krugman Says
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The risk of another global recession has increased to one-in-two, said Nobel-prize winning economist Paul Krugman.
“There is a pretty good chance of an actual stall which would lead the global economy to slide backward,” he said in an interview in Yaroslav, central Russia, yesterday, describing the risk of a recession as “quite high, maybe 50 percent.”