The falling dollar may be bad for Europe. And the Canadians, too!
November 28, 2004 8:18 PM Subscribe
This .pdf (accessible to laypersons) from the labor-backed Economic Policy Institute suggests that a falling dollar is probably very bad news for Europe. The euro area is one of the slowest growing economic areas in the world, yet it will bear much of the burden of relieving the pressure of the U.S. trade deficits. This will deprive the euro area of demand for domestic products at a time when such demand is necessary to forestall a full-blown recession.Via Marginal Revolution.
This thread has been archived and is closed to new comments