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 "We are probably looking at global recession with no end in sight," - Nobel Prize winner on Trump's victory

Nobel Prize winner in economics Paul Krugman expects negative impact on global economy following Donald Trump's victory in the U.S. presidential race.

As reported by Censor.NET, Krugman wrote in his article titled The Economic Fallout for The New York Times.

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never," he wrote.

See more: Pessimism escalates in Ukrainian social media over Trump's triumph. PHOTOS

"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," the expert wrote.

"What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis," Paul Krugman wrote.

"So we are very probably looking at a global recession, with no end in sight," he summed up.

Read more: "Biggest loser in the world tonight, Ukraine," - former US Ambassador to Russia McFaul on Trump's victory
Источник: https://en.censor.net.ua/n414244