Nobel Prize-winning economist Paul Krugman says a global recession is on the horizon,... going against other experts who believe the growth slowdown will not turn into an outright recession.<br />Speaking at the World Government Summit in Dubai,... Krugman said there's a good chance that a recession will come this year or next,... citing factors such as the deflating tech "bubble",... and what he called President Trump's "not very effective" tax cut stimulus.<br />CFOs in North America predict a recession by 2020,... while economists surveyed several months ago said one would hit by 2021.<br />Italy is currently in recession,... with Germany said to be on the brink,... as the European Commission downgraded its growth forecasts last week. <br />
