Krugman: ‘Reasonably High Chance’ the Economy Will Contract

By Jennifer Parker

Dec 27, 2009 11:07am

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.”

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