Last updated: 9 june, 2009 - 10:44 GMT

The beginning of a recovery?

George Soros

Was the world heading for another 1930s style Great Depression?

Where would the world be without all the economic stimulus money?

Are the trillions of dollars of economic stimulus packages actually working - reviving economies and creating jobs?

Opinions are divided.

The World Bank President Robert Zoellick has said it's not clear where the demand to fuel an economic recovery will come from.

The White House is optimistic, promising to step up the stimulus spending - pledging that 600,000 jobs will be created or saved in the coming months.

Another depression?

So where would we be without all the stimulus money?

One man thinks we might have been heading for another 1930s style Depression - and his opinion counts more than most, since he is one of the most successful investors in the world - hedge fund manager and philanthropist George Soros.

Commentator Martin Wolf asked Mr Soros where he thought we were, in the course of the crisis.

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First broadcast on Business Daily on 9 June 2009

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