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Billionaire financier Gorge Soros says this week's G20 summit in London will be a crossroads for the world economy.
Mr Soros is seen as someone who can predict the big trends in the global financial markets.
A man who puts his money where his mouth is, he is also said to have accurately predicted and profited from the Asian financial crisis in 1997.
Mr Soros said the summit would have to produce concrete measures to help less well-off countries.
Now the billionaire financier and philanthropist has described the G20 meeting to be held in London this Thursday as a make-or-break event if a global depression is to be avoided.