Paul Krugman, a Kenysian economist touting authoritarianism and control over the economy has come out and told us all what we already know: the ruling class won’t be able to stop the recession they have engineered. And that recession is coming soon.
Krugman is expecting the economy to fall into recession this year, according to a report by CNBC. He isn’t the only one expressing concerns, however, as most economists, as well as some the world’s business personnel, agree that economic growth is slowing. But this time, Krugman says that the ruling class won’t be able to do anything about the recession.
Speaking at the World Government Summit in Dubai, United Arab Emirates (a meeting of the rulers to decide how to further enslave the world’s population) on Sunday, Krugman expressed his concerns about an economy highly regulated by the world’s governments (and yet somehow is still mistaken for capitalism). “I think that there is a quite good chance that we will have a recession late this year (or) next year,” he said. Krugman’s main concern has always been that “we [the ruling class] don’t have an effective response if stuff slows down. The place that looks really close to recession right now is the euro area,” he added. “By the way, my track record for this is bad — as is everybody’s. No one is good at calling these turning points,” Krugman said.
Late last week, the European Commission sharply downgraded its forecast for euro zone economic growth in 2019 and 2020.
The Commission said eurozone growth will slow to 1.3 percent this year from 1.9 percent in 2018 and is expected to rebound in 2020 to 1.6 percent.
The estimates were markedly less optimistic than the EU executive’s previous forecasts, released in November when Brussels expected
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