TITLE

Global Economic Slowdown Could Prove Beneficial To Countercyclical Dollar

AUTHOR(S)
Platt, Gordon
PUB. DATE
October 2010
SOURCE
Global Finance;Oct2010, Vol. 24 Issue 9, p129
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the thoughts about the benefit of the global economic slowdown in 2010 to countercyclical dollar. According to David Woo of Bank of America Merrill Lynch, a slowdown in global economic growth is beneficial to the dollar despite the fact that the U.S. is leading the slowdown. Pier Carlo Padoan, Organization for Economic Cooperation and Development (OECD) chief economist, says that additional monetary stimulus is needed if the economic downturn becomes entrenched.
ACCESSION #
54938193

 

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