Mid-Life MBA: The Art of Business

World Bank expects 5% Annual Depreciation in US Dollar ’till 2008

Posted in Business News by Eric Back on May 30th, 2006.

“Based on an orderly correction in the US current account deficit, the World Bank said today that it expects an annual, 5% effective decline in US currency through 2008.”  At the same time it expects the global economy to expand at a rate of 3.7% in 2006, up from its estimate of 3.2% in late 2005.

This entry was posted on Tuesday, May 30th, 2006 at 11:27 pm and is tagged with current account deficit, us current account deficit, global economy, depreciation, world bank, decline, currency. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.

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