I am not Good As I Thought
Home Gallery Archive Technology Tutorials Tweaks & Tips Promotion Banners | All Great Stuffs 'll Arrive Soon... Soon I'll Post Better And Fastest News On Computers day to day Technology A recession looming for the US could affect countries all over the world that rely on exporting to the world’s biggest economy. Some analysts suggest that decoupling, or the process of decreasing dependence on American consumers, would prevent a recession’s effects from spreading. But the fact remains that the US is a top trading partner for many countries in the world, and even states that have little contact with US markets depend on countries that will feel the pinch of frugal American buyers. Economics professor Nouriel Roubini summarizes the effects for key regions and countries of the world in Foreign Policy. Fewer exports to the US from China, for instance, could cause its growth rate to dip and that tightening could spread throughout Southeast Asia. A weak US dollar may be a boon to tourists shopping in American cities, but exacerbates US difficulties in buying foreign products. Even as countries find new and diverse outlets for their products, they cannot help but be affected by events happening on the opposite side of the world. An unanticipated slowdown in the US complicates the task of central bankers and state economists and could pose surprising effects far beyond the realm of trade balances, such as putting a brake on Chinese inflation or making it harder for eastern Europeans to buy new homes
European Shoppers: American goods may have never been so cheap for
people with euros in their pockets. If you have visited New York City
recently, you may have noticed the swarm of European tourists hunting
for bargains from a weak dollar. Expect these European crowds to grow
even larger as the savings on luxury goods, clothes, and shoes climbs
higher and higher. It may also put a smile on the face of a few American
retailers, too.
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© Webdin.Neo Files | Created 09-Dec-2007, Updated 09-Dec-2007.
