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