Economist Paul Krugman predicts a 'global recession with no end in sight' if Trump wins

(Image credit: Neilson Barnard/Getty Images)

published 9 November 2016

Nobel Prize-winning economist Paul Krugman predicts a "global recession with no end in sight" if Donald Trump is elected president:

It really does now look like President Trump, and markets are plunging. When might we expect them to recover?Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.Still, I guess people want an answer: if the question is when markets will recover, a first-pass answer is never.Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world's most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, 8 years after the great financial crisis. [The New York Times]

Markets have plummeted since Trump's likelihood of taking the White House has grown. Read Krugman's entire explanation at The New York Times.

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Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.