Europe's common currency should be cheered by a weekend Group of Seven meeting at which an influential forecast for U.S. growth was slashed and speculation over Washington's long-standing strong dollar policy refused to die.
Published:
19 February 2001 y., Monday
New U.S. Treasury Secretary Paul O'Neill warned reporters he would not be repeating attempts to explain Washington's carefully-woven mantra that a strong dollar was in the national interest.
But analysts took this as confirmation that his comments to a German newspaper had been candid, signaling that the U.S. would not back political rhetoric with policy action to oppose market forces if these drove the currency down.
News on Saturday that the International Monetary Fund had almost halved its forecast for U.S. growth this year to 1.7 percent, from 3.2 percent, adds to the currency's worries and followed a tide of negative data last week that reinforced the slowdown picture.
But the headline number would suffer closer scrutiny and might not be all that bad after all, analysts warned.
Šaltinis:
abcnews.go.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »