The infamous Nouriel Roubini and his collaborator Ian Bremmer published an article in FT describing the grey picture of the world economy. The main tenet is that with the until recently "world's consumers" -- U.S., U.K., Spain, Greece, and others -- that now need to deleverage, and with the hesitation of the "world's savers" to spend more, the world economy is heading for a double dip, or another financial crisis.
"... These steps will take time. Even if all are undertaken properly, global growth will recover only slowly. But if they are not undertaken at all, the risk of a global double dip, and a new financial crisis, will grow sharply. Policymakers cannot keep kicking the can down the road for much longer."
