Sliding greenback boosts economy

Journal Date: 20 May 2003 Title: "Sliding greenback boosts economy", South China Morning Post Author: Kelvin Chan Summary: Not only Asian countries cannot recover their economies, but also in US, she is suffering from the economic down turning for a long time, after the worldwide economic deterioration. In recently, US dollar's deepening slide against the euro and other main currencies. Thus, the lower level dollar exchange also occurs in Hong Kong, because of the linked exchange rate …showed first 75 words of 503 total…

…showed last 75 words of 503 total…economic growth. As the lower US exchange rate can help to reduce the production cost and raise the attractive of US, the economy may be growth as well, and the deflation can also be control. However, according the statistic, the central back many underestimate the risks of deflation, so beside the monetary policy, other policies such as fiscal policy and structural measures have to be used in order to control the continuously occurs of deflation.