The UK economy has "significantly weakened" with domestic demand at a two-year low, but a recession is not inevitable, the latest quarterly survey by the British Chambers of Commerce (BCC) concludes.
We ask investment experts for their forecasts for 2012.
UK GDP for the third quarter has been revised up by 0.1% to 0.6%, the Office for National Statistics (ONS) announced this morning.
Chinese and Indian policymakers have promised to take action to boost economic growth on deepening fears emerging economies will suffer a hard landing.
Fidelity's Anthony Bolton is expecting a slowdown in inflation to boost equity markets in China next year, following a sell-off which has hurt performance in 2011.
Brazil's economic growth slowed in the third quarter of 2011 as the impact of the crisis in Europe and the slowdown in global growth impacted the region.