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Gloom needed

20 January 2005 By Edward Hadas

The consensus is that currency adjustments will not block global growth in 2005 and 2006. Even professional dollar pessimists agree. The markets believe the decline in US currency will have little impact on global growth in 2005 and 2006. But this may be too optimistic. But this optimism has more to do with trends than with logic. A dollar collapse could cause a major economic disruption. The markets believe the decline in the US currency will have little impact on global growth in 2005 and 2006.

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