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Growing, growing...gone?(global economy trends)(Brief Article)
Australasian Business Intelligence, February, 2005 by Gumbel, Peter
Feb 09, 2005 (Time Australia - ABIX via COMTEX)
The global economy expanded at its fastest rate in nearly 30 years in 2004. Many experts think growth will remain fairly strong in 2005. A number of economic threats were discussed at the World Economic Forum's Board of Economists roundatable. These threats include a 40 per cent drop in the US dollar relative to the euro in the last three years and the huge US current account deficit, which is expected to exceed $US400 billion in 2005. Jeffry Sachs, of Columbia University, and Laura D'Andrea Tyson, the dean of the London School of Economics, both anticipate a US recession in the medium term.
Publication Date: 14 February 2005
WORLD ECONOMIC FORUM:
COLUMBIA UNIVERSITY:
LONDON SCHOOL OF...
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