Lecture by Nobel Prize winner economist Paul Krugman in Athens, Greece on Friday, April 17, 2015.

Panayiotis Tzamaros | ullstein bild via Getty Images

Lecture by Nobel Prize winner economist Paul Krugman in Athens, Greece on Friday, April 17, 2015.

There can be a decent chance the planet economy can be headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman.

Market participants are increasingly worried about the prospect of a serious economic downturn over the coming months, having a long-running U.S.-China trade war souring business along with consumer sentiment.

Most economists, as well as some the planet’s business elite, agree that will economic growth can be slowing nevertheless policymakers have expressed some expect for a soft landing rather than an outright recession.

Speaking at the planet Government Summit in Dubai, United Arab Emirates on Sunday, Paul Krugman said there are not bad reasons to be skeptical about This kind of scenario.

When asked whether investors should expect to see a recession over the coming months, Krugman replied: “I think that will there can be a quite not bad chance that will we will have a recession late This kind of year (or) next year.”

Paul Krugman can be a renowned American economist along with professor emeritus of Princeton University’s Woodrow Wilson School. He won the Nobel Prize in 2008 for his work on economic geography along with identifying international trade patterns.