|ΓΡΑΦΕΙ ΤΗΝ ΠΑΡΑΣΚΕΥΗ Ο ΚΥΡΙΟΣ|
Heather Stewart, economics correspondent
Sunday December 3, 2006
The slowdown in the US economy, which has sent the dollar into freefall over the past fortnight, will have devastating knock-on effects in markets around the world, analysts warn.
As the US slows, and consumers in the world's biggest economy feel the buying power of the dollar in their pocket declining, global growth will be hit hard, economists say. The greenback took yet another turn for the worse on Friday, after a survey of the US manufacturing sector showed output declining for the first time in more than three years.
The long, unwinding road to a dollar adjustment
By Bill Robinson
Europe awaits impact of plummeting dollar
Persistent dollar doldrums could weigh heavily on Europe
It seems the market is now much more attuned to the dangers of a US hard landing