This headline refers to the UK economy. Wearing my 'SEER' hat, I predict this will not happen. Not that the 'working classes' will notice, but the economy is on a gradual uphill run. A few dips will be encountered on the recovery road, but the actions that have been taken, by both governments in the UK, and by Western countries on the whole, will prove adequate in turning the world economy round - slowly.
It would not have made much difference which Party was elected in Britain. The economic endgame wold have been the same. The Weatern governments, in a Capitalist world, had no choice but to plough billions back into the banks. Not to have done so would have caused the collapse of Capitalism. As an eighteen-year-old, I would have thought this a great result. As an old man who has seen the collapse of Communism in the Soviet Union, I see our system as the better option. 'The workers', as opposed to the 'Industrialists and Bankers', always have and always will, suffer most in a downturn, starting out as they do, from a much more impoverished position. Staunch Conservative supporters will, wrongly, blame the 'recession' on Labour policies. It is possible that a Conservative government, by making severe cuts in Public Spending, would have kept the country more viably solvent. Militant Labour supporters would probably be correct in believing that severe cuts in Public Spending (less borrowing), would/will be reflected in a lower standard of services in general.
For the lucky people who have sufficient funds, and a reasonable life span ahead, you would do well to invest now in stocks and shares, including Banks. It will not be a smooth upward rush, but, with sound judgment and a strong heart, you'll be richer in a few years time.