US Economy: Soros Sees Recessions in US and UK, Banks Severely Damaged

Soros sees recessions coming in the US and UK (BBC):

Financial institutions have been severely damaged and we are currently in a situation that will probably, I think almost inevitably, result in a recession certainly in the United States and most likely in England also.

See Also: Buffett: Credit Crunch Effects Not Over Yet

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.