The Falling Dollar's World of Hurt
When they're not talking about the emergence of China as a global economic powerhouse, attendees at the World Economic Forum's annual meeting in Davos, Switzerland, pondered what impact the continuing decline of the dollar will have on international companies and the world financial system. The assumption of most executives, academics, and policymakers who have gathered to brainstorm in the upmarket Swiss ski resort is that despite strong U.S. economic growth, the dollar will continue to fall, especially against the euro.
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