The chance that the global economy falls into a recession stands at 100 percent, says Swiss money manager and Gloom, Boom and Doom editor Marc Faber.

Global investors remain focused on Greece, where a messy exit from the eurozone could rattle the world economy.

However, there are bigger threats lurking on the horizon to which the world is turning a blind eye.

“As an observer of markets — whenever everyone focuses on one thing — like Greece and Europe — maybe they miss issues that are far more important — such as a meaningful slowdown in India and China,” Faber tells CNBC.

Factory output in China has been weakening, Faber says, which should ring louder alarm bells than it has.

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