Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Soros: China will overtake the U.S. as "economic freefall has been stopped"
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Monday, May 11, 2009
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From Newsmax:

...Soros also told the Frankfurter Allgemeine Zeitung daily that Asia would be the first region to pull out of the crisis and China was set to overtake the United States as the engine of world growth.

"The economic freefall has been stopped, the collapse of the financial system averted. National economic stimulus programs are starting to take effect. The downward dynamic is easing," Soros told the newspaper.

...Soros said the U.S. dollar was already weak, adding: "I don't expect the dollar to lose much value against the euro, on the contrary."

Read full article...

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Topics: George Soros | China | Currencies
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