Europe under pressure from dollar, economic outlook
16/11/2004
Macroeconomics
Well, now it is decided that we, the world, have to deal with four more years of the Bush administration – and the consequences.
The US dollar continued its steady decline as the financial world showed its concerns about the deficit created by the Bush administration. It has to be expected that Bush’s policy is unlikely to concentrate on the deficits and their consequences in the years to come either.