The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted. “We are heading for a downturn and it varies region to region,” said Benjamin Jones, director of macro research at Invesco. “There’s a lot of debate and my degree of confidence is quite low.” Here’s a look at what some closely-watched market indicators say about global recession risks: KICKING THE CAN DOWN THE ROAD? The World Bank just raised its…