The risk of global recession has increased to 50%, Paul Krugman says, urging countries not...

|By:, SA News Editor

The risk of global recession has increased to 50%, Paul Krugman says, urging countries not suffering financing problems to postpone austerity measures on the fiscal side and central banks to expand, not tighten, monetary policy. He calls Pres. Obama's jobs plan "bolder and better" than expected, while lamenting that it isn't likely to become law.