Global Economy

[Guest]

[url="http://blogs.abcnews.com/politicalpunch/2009/12/krugman-reasonably-high-chance-the-economy-will-contract.html"]Krugman: 'Reasonably High Chance' the Economy Will Contract[/url]

Nobel Prize winning economist Paul Krugman said he thinks there’s a “reasonably high chance” the economy will contract in the second half of next year.



On the "This Week" Roundtable, Krugman said he agreed with the assessment of fellow Nobel-winning economist Joseph Stiglitz that there is a significant chance the economy will shrink in 2010.



“I would go with Joseph Stiglitz,” Krugman added, “I’m really worried about the second half.”