Global Economic Slowdown Could Prove Beneficial To Countercyclical Dollar

Platt, Gordon
October 2010
Global Finance;Oct2010, Vol. 24 Issue 9, p129
Trade Publication
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.


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