Developed nations are stuck in a "never-ending cycle of recession" which will lead to a huge growth crisis in the summer of next year, Ignis' chief economist Stuart Thomson has warned.
Economists have warned the UK could suffer a triple-dip recession next year after the recovery effects of the Olympics wear off.
GMO's Jeremy Grantham has said there will be a number of opportunities for investors to snap up discounted European equities, as the crisis continues to roll on.
The financial crisis and collapse in US house prices has left the average household in the States 40% less well-off, a Federal Reserve study has said.
Investment veteran Warren Buffett has said the chances of the US slipping back into recession are very low, despite fears over the fiscal cliff facing the country at the end of the year.
Former Monetary Policy Committee member Andrew Sentance does not expect the Bank of England to unveil more QE tomorrow, and said this is the right course of action to avoid triggering higher inflation.
Britain's fall back into recession will drag on until June at the earliest and condemn the country to another lost year, economists have warned.
Industry commentators forecast an even gloomier second quarter after the Office for National Statistics revealed the UK slid back into recession in Q1, with negative growth of 0.2%.
The UK is officially back in recession as preliminary figures show the economy contracted 0.2% in Q1.
The UK is back in recession, according to the latest growth projections from the OECD, while the recovery in the G7 economies remains ‘fragile'.
Ireland fell back into recession in the last quarter of 2011, according to official figures released on Thursday.
Developed economies face a minimum of two further recessions before a recovery pushes equities into bull market territory, according to SocGen's Albert Edwards.
Britain's dominant services sector grew at its fastest pace in 10 months in January, reflecting a more optimistic company view, the Markit/CIPS Purchasing Managers' Index (PMI) showed.
The UK and Europe will both slip into recession in 2012, according to the National Institute for Economic and Social Research (NIESR).
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The UK is already back in recession and will not see any interest rate rises until at least 2016, according to economic thinktank the Centre for Economics and Business Research (CEBR).
A likely hard landing in China will bring the financial crisis of the past five years to a climax in 2012, a leading City strategist has warned.
Germany's economy shrank by approximately 0.25% in the fourth quarter of last year, raising fears Europe's second largest economy is on the brink of recession.
The eurozone faces a "mild" recession in the first half of next year, restricting full-year economic growth in the region to just 0.1%, according to Ernst & Young.
The OECD has warned the UK is teetering on the edge of a double-dip recession, and has called for further quantitative easing to support the economy.
MPC member Paul Fisher has warned the UK is at risk of another recession, less than two years since the last downturn.
Economist Nouriel Roubini believes the unresolved debt crisis in Europe has resulted in more than a 50% chance of a worldwide recession.