The calm before the storm: 2011 review and the 2012 outlook

What a year it's been: the Eurozone is in crisis and the US lost its prized AAA credit rating from S&P. But economists warn that next year could be worse. There might be a repeat of 2008 – in terms of a credit crunch and another recession. Worse, the head of the IMF Christine Lagarde warns of a 'lost decade.'