Photo: Mohamed Abd El Ghany / Reuters
The rapid growth of the dollar damage to the us economy, writes Bloomberg. Some market participants fear that this could cause a recession.
It is noted that the strengthening of the dollar tends to have a negative impact on the profits of multinational U.S. companies, and increases costs for foreign corporations with debt in the trillions of dollars.
In particular, the negative impact of the dollar be felt companies such as Coca-Cola, Caterpillar, Boeing. Economists believe that any further strengthening of the American currency could pose a challenge to the world economy.
Morgan Stanley and Brandywine Global Investment Management in dynamics see the dollar potential catalyst for the next recession in the U.S. and the world and predict the collapse rate of 25 percent over the next five years.
On the background of the precarious position of the dollar, economists are increasingly make a choice in favor of Korean won, Czech Koruna, new Zealand dollar, Japanese yen and Swiss franc.
On 8 August the President of the United States Donald trump has expressed concern over the strengthening of the dollar, which, according to him, negatively affects the competitiveness of American companies.
Video, photo All from Russia.