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British Chancellor of the Exchequer Geroge Osborne walks into the Treasury in London on January 25, 2012. The British economy contracted by a worse-than-expected 0.2 percent in the fourth quarter of last year, official data showed on January 25, stoking fresh fears of a double-dip recession.

Office workers walk in front of a garments store offering discounted items at Raffles Place in Singapore on January 12, 2012. Singapore's trade-driven economy shrank in the last quarter of 2011, government figures showed January 3, raising the prospect of a technical recession as Europe grapples with its debt crisis.

A view of the newly built Marina Bay business district in Singapore on January 12, 2012. Singapore's trade-driven economy shrank in the last quarter of 2011, government figures showed January 3, raising the prospect of a technical recession as Europe grapples with its debt crisis.

NEW YORK, NY - NOVEMBER 22: A man walks past a retail store on November 22, 2011 in New York City. As retailers prepare for the start of the traditional holiday shopping season, the Commerce Department revised third-quarter GDP downward to 2 percent from 2.5 percent Tuesday for the quarter that ended on September 3. While economists are not expecting the country to slip back into a recession, many analysts will be closely watching consumers in the coming month for evidence on the overall health of the economy.

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