The world economy will start in 2012 weakened by crisis and the threat of a new economic recession caused by European sovereign debt crisis. Analysts Goldman-Sachs (GS) have identified seven major threats to economic recovery for next year.

I. European sovereign debt crisis
Sovereign debt crisis, felt the other side of the Atlantic, have seriously shaken investor confidence in European markets. Slow resolution of the crisis and possible collapse of the euro will hamper further the recovery of markets. If European leaders will be unable to reach agreement on a model of fiscal integration or ensure the survival of threatened countries into default (Greece, Italy, Spain, Portugal, Ireland), the deterioration of the economic environment will increase significantly, as the David Kostin, Goldman Sachs economist, quoted by newspaper Business Insider.

II. U.S. Presidential Elections
Goldman Sachs economists, believes that the presidential elections will have a profound impact on markets. However, the uncertainty of early 2012 will anxieties investors, especially because the debates and election plans on key areas such as federal spending reform, health insurance, tax system and financial reform will be raised . Already, investors have had to swallow quite ridiculous nemestecate certain proposals to amend the U.S. tax system radically.

III. Reducing U.S. sovereign rating
Unexpectedly, credit rating agencies have not reached the U.S. sovereign rating after failed attempt to "reduce debt super-committee" to cut 1200 budget spending billions of dollars in the United States. A possible further reduction of the rating by another rating agency, after the Standard & Poor's conducted last summer could increase borrowing costs and the federal government would have a negative impact on the ability to use the money. In fact Fitch rating agency has already changed the U.S. rating below forecast, a decision can be interpreted as a first step before an actual reduction rating.


IV. Continue to reduce the ratio of equity capital raised and the banking sector (deleveraging)
Since the beginning of the economic crisis, U.S. financial institutions decreased this ratio by more than 30%. While bank managers take into account the continuation of this poces, especially under the pressure of increasingly stringent regulation, but also as a result of weak economic growth, the fall in prices of real estate, and not least because of debts suvernae in some European countries growth and forecasts of economic recovery will be more modest. And this will contribute also to the severe shortage of liquidity and interbank markets and restricting acute demand for loans.


U.S. housing sector weakness V.
U.S. housing sector, whose collapse triggered the financial crisis in 2007, will create further problems for investors. Markets expect continued growth of forced execution, due to the fact that banks will be required to complete the market temporarily suspended enforcement proceedings. But in terms of further increasing the rate of unemployment that could cause default entry in the owners best payers, forecast could worsen dramatically.

VI. Steep increases in oil prices
Goldman-Sachs economists foresee already, a continuous increase in oil prices, driven by increased demand in emerging economies declining stocks reported by OECD countries and the constraints of producers began to reduce their offer. However, a sudden increase in the price per barrel could stop growth, as economic recovery in August 2010 was abruptly halted crude oil market volatility in February 2011.

VII. Global Recession
Weakened economies have experienced difficulties in securing a solid and steady growth of GDP. Global economic growth was sustained, however, the expansion of emerging markets like China, India and Brazil. Goldman Sachs economists, believes that any economic downturn in these markets, especially in the anemic growth of the U.S. and Europe, will cause investors to take more seriously into account a recession, which will negatively affect profit and efficiency stock markets.