George Soros has built his reputation and personal fortune on being aware of every aspect of the global financial position, which is why his warning of oncoming financial problems that will affect the entire world has been taken so seriously. Bloomberg has printed the transcript of an interview George Soros gave at an economic forum in Sri Lanka where he gave a dire warning to financial experts and investors over the state of the global economy; Soros pointed out on Bloomberg to issues in Europe and China as the major driving forces behind the problems the world faces.
George Soros embarked upon his own journey to the U.S. as a refugee after surviving the Holocaust of World War II, which led to him beginning his financial career that led to the formation of his own hedge fund. The career of George Soros has seen his hedge fund reach unprecedented levels of success that averaged at least 20 percent in growth on an annual basis for over 30 years.
The career of George Soros saw him keep abreast of the political and economic situations in different areas of the world, which is why he has now given his view on why a global economic slowdown could once again occur. The main issues for the potential collapse of the global economy can be found in China and its constant struggle over recent years to cope with a growing middle class; the growth of the middle classes in China has inspired a change in the focus of the economy from its traditional focus on investing and manufacturing. In recent years, George Soros has seen an ever decreasing level of growth in the Chinese economy that he feels has not been handled correctly by Chinese financial officials. Soros believes the problems in China have combined with the refugee and economic problems in Europe to create a perfect storm that could lead the world into a global economic crisis to rival that seen in 2008.
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