24.03.2015 - Why Currency Weakness Could Pave the Road To Growth
Is it a coincidence that the U.S. economy’s post-crisis recovery came hand in hand with a weak dollar? Could the U.K.’s rebound have something to do with sterling’s 2007-08 crash? And is there any connection between the fact that both the British and American economies seem to be running out of steam just as their currencies strengthen? Or that the eurozone is simultaneously recovering? Maybe a lot of the story of post-crisis economics boils down to currency moves. Between January 2009, when the U.S. was in the thick of recession, and the summer of 2011 when the recovery was finally getting under way, the dollar fell nearly 20% relative to other currencies based on how much trade other countries did with the U.S...............................................Full Article: Source
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