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.