Paul Krugman: 50 Percent Chance Global Economy Will Enter Recession

Even though Obama's jobs plan is "bolder and better" than Paul Krugman expected, the Nobel-Prize winning economist still told Bloomberg Television on Friday that it might not be enough to stave off global recession.

The risk of global recession is "quite high, maybe 50 percent," Krugman told Bloomberg. He added: "The risk of something that feels like a recession is much higher than that. My central belief is that we're likely to have higher ... Full Story »

Posted by Fabrice Florin - via Fabrice Florin (t), David K. Miller (t), JR Russ (t), Wil Kristin (t), Salvador Sala (t)
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Posted by: Posted by Fabrice Florin - Sep 9, 2011 - 10:14 AM PDT
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