Equities already entered a bear market
55% chance of global recession
Hedge fund manager Crispin Odey has warned major economies are entering a recession that will be "remembered in a hundred years".
Vladimir Putin has said Russia could take as long as two years to recover from its burgeoning economic crisis.
Acknowledging that the forecasting consensus has missed many of the big stories of recent years, analysts at HSBC have attempted to outline the biggest potential risks for investors in 2015.
Japan's economy shrank more than initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures.
It has been a turbulent couple of months for policy makers in Japan.
The UK will narrowly escape a triple-dip recession with economic growth for Q1 forecast to be 0.1%, acccording to the National Institute of Economic and Social Research(NIESR).
The UK economy will post growth of 0.6% this year, according to the Office for Budget Responsibility (OBR), a downward revision from its December forecast.
Threadneedle's head of US equities Cormac Weldon considers how far along the road to recovery the US really is, as well as which sectors will support and benefit from the economic revival.