Billionaire investor George Soros has given his gloomiest assessment of the state of the US and world economies.
He told BBC business editor Robert Peston that the "acute phase" of the credit crunch may be over but effects on the real economy are yet to be felt.
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Soros warns on global economy
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George Soros And Open Society
George Soros (pronounced [ʃoroʃ]) [Shorosh] (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is an American financial speculator, stock investor, philanthropist, and political activist.[1]
Currently, he is the chairman of Soros Fund Management and the Open Society...