Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

Krugman said the fact that policy makers, including the Federal Reserve and the European Central Bank, don’t have room to respond to a downturn also could be a factor that worsens a downturn that hits Europe and Asia and bleeds over into the U.S.. In a separate interview with Bloomberg at the same summit in Dubai, Krugman said he saw even odds of a recession.

According to CNBC, Krugman said that “there was a good chance that the U.S. will have a recession late this year” or by 2020.

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