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quinta-feira, dezembro 07, 2006

Drop in the value of the U.S. dollar

The recent drop in the value of the U.S. dollar might be viewed by some U.S. exporters as a sign that they might finally be able to improve their competitiveness in the international markets, but for the rest of the world it is a quite worrying sign. The situation would not have been so bad had the U.S. consumers not been so willing to buy imported goods. Had the trade deficit been a bit more under control, the drop in the price of the dollar might have meant increase in competitiveness and even perhaps a better economic future in the near-term.

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