If governments throw enough money at the system, a strong, near-term rally should happen, investor Marc Faber told CNBC. But if it fails to materialize, prepare for an unprecedented depression.
The outlook for 2009 appears to be gloomy for global economies, says Robin Bew chief economist at The Economist Intelligence Unit. He tells CNBC's Martin Soong & Sri Jegarajah what to watch out for next year.
Expect to see consolidation in the Asian banking sector, says Neil Katkov, senior VP of Asia research at Celent. He discusses the health of Asia's financial sector, with CNBC's Oriel Morrison