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World Economy in Flux As America Downshifts
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How a major global readjustment may be taking place right before our eyes, not visible all at once but gradually taking place as growth in Europe and Asia outpaces that in the US and consumption overseas grows while the it falls off in the US from the levels seen for a decade. The weaker dollar will reduce imports increase exports and shrink the trade deficit with other countries. More expensive imports will add to the inflation in the US. The weaker dollar will lead to American companies gaining market share with higher exports and a more competitive position versus other countries. German and other European companies will complain about the higher euro. Vis a vis China and India this rebalancing will take place slowly because of the billion people in these countries rural areas that are just now becoming part of the larger global economy.
Global Economy: Factors promoting stable long term growth (pre-2008 Crisis)
09/20/2007
Factors promoting stable long term economic growth in the global economy. This helps US prospects in a downturn as exports help cushion credit and housing weakness. Less volatility for a number of reasons, see the IMF World Economic Outlook Chapter 5 on the IMF website for details.
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