While the bulls have made hugely optimistic forecasts, the bears have touted the worst-case scenarios. From the collapse of a global power to a surge in a stock price, several boom-to-bust observations have been made this year. We've come up with a list of nine such "expectations" for the year that have not quite gone according to plan.
Click ahead to learn the major predictions that never came to pass in 2012.
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By Ansuya Harjani and Rajeshni Naidu-Ghelani