Chinanews, October 23. According to foreign media reports, on October 22 local time, Nobel Prize winner Paul Krugman issued a severe warning on the current state of the U.S. economy during the term of President Trump, saying that the actual situation is "worse than it seems."

According to reports, Krugman said that currently, the economy (of the United States) is "severely polarized"-investment in artificial intelligence is "booming", in stark contrast to the stagnation in other areas of the economy.

He also said the U.S. economy as a whole feels ¡°stiff¡± and the job market is almost stagnant.

¡°Trump¡¯s repeated policy is creating enormous uncertainty that prevents many companies from investing,¡± Krugman said.

Krugman said, ¡°As a result, a large part of the [US] economy has fallen into stagnation ¡ª companies no longer recruit and invest.¡±

He noted that "without the boom/bubble-like investment boom in artificial intelligence, the United States would probably have been in recession," adding that this view is unanimously shared by other economists.

According to the report, Krugman's profound analysis revealed the structural crisis hidden under the superficial economic indicators, which sounded the alarm for the current economic situation in the United States.