Investment guru Kyle Bass predicts that interest rates will head back to near zero in 2020 amid a global recession.

The Hayman Capital Management founder also predicts a minor stock pullback during the same period.

Bass told CNBC that the economic stimulus from President Donald Trump's 2017 tax cuts will wear off toward the end of this year. The lack of fiscal stimulus and resulting economic downturn may force the Federal Reserve, led by Chairman Jerome Powell, to cut interest rates, CNBC explained.

As a result of a recession and lack of fiscal stimulus, Bass also said he expects the U.S. to suffer a "minor" stock pullback in 2020. He did not elaborate on how much he expected stocks to fall.

"Southeast Asia is headed for a recession in 2019. Europe is headed for a recession in 2019," the hedge fund manager said in an interview that aired on "Worldwide Exchange" on Tuesday. "The world is not just going to have a recession and the U.S. is going to keep growing."

Bass isn't alone in his dire economic predictions.

Nobel laureate Robert Shiller warns that the U.S. is overdue for a recession amid signs the housing market is slowing down.

“It's been a long time that we've been in this recovery period and it wouldn't surprise me at all if there was a recession,” the Yale University professor of economics recently told Bloomberg Television.

“The economy has been growing pretty smoothly. There are some signs though that there might be things amiss. For you know the housing market is soaring and the stock market is high,” said Shiller, the co-founder of the Case-Shiller Index, which tracks home prices around the nation.

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