global financial crisis

Danny Gabay, a director at Fathom Consulting in London, says that the world banking crisis is not over yet and the recovery of the global economy is not guaranteed. Echoing this view other analysts on Monday expressed their fear of a double-dip recession and slow growth.

Gabay still supports his forecast for gradual recovery led by the US and Asia, but he says that risks are becoming far uglier and collectively more likely forcing investors to walk a tight rope.

 It seems the financial crisis isn't all doom and gloom: one in four people are glad the world's economy slumped like it did, because it helped them realize their priorities in life, according to a global survey.

Market research firm Synovate polled around 11,400 people across the world and found more than half had permanently changed their attitudes toward money over the last 12 months.

Another 47 percent, however, said they were looking forward to being able to spend freely again.