Economy faces greatest risks for a decade

By Edmund Conway
Last Updated: 1:18am GMT 11/01/2008

The world is facing the most potent cocktail of economic and political risks for a decade in the wake of the credit crisis, an authoritative report has warned.

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A potential recession in the US and the knock-on effects of a collapse in asset prices, such as housing and shares, could throw the world economy into chaos, says a study from the World Economic Forum.

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