The world economy is precariously balanced between continued recovery and a third leg of the global financial crisis, according to leading economists attending the World Economic Forum in Davos.
The two sharply-contrasting outcomes highlight the uncertainties surrounding the global outlook in 2016 amid fears of a slowdown in China, plunging commodity prices and high levels of corporate US dollar denominated debt in emerging economies.
Economists said the instability threatened to exacerbate the vulnerability of households and companies, which were already responding to disruptive technological changes.
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