[ad_1]
The rapid growth of the dollar is hurting the US economy and some market players are worried that this will lead to a recession.
The paper pointed out that the rise in the value of the dollar had a negative impact on the profits of international (multinational) companies in the United States, as it increased the costs of foreign companies with debts of billions of dollars.
Companies such as Coca-Cola, Caterpillar and Boeing are feeling the negative impact of the dollar. Economists believe that any strengthening of the US currency could be a challenge for the global economy.
Morgan Stanley and Brandywine Global Investment Management also fear a recession caused by the US dollar and the world. The dollar is expected to plummet to 25% over the next five years.
With the precarious dollar, economists are increasingly opting for the South Korean won, the Czech koruna, the New Zealand dollar, the Japanese yen and the Swiss franc.
The President of the United States, Donald Trump, said he is concerned about the appreciation of the dollar on August 8, which adversely affects the competitiveness of US companies.
The article expresses the opinion of the author and not necessarily the site's policy
[ad_2]Source link
