IMF Dir Predicts Rapid Dollar fall
Monday, October 29, 2007 - FreeMarketNews.com
IMF (International Monetary Fund) director, Rodrigo Rato, forecast that the dollar is due for a disorganized and pronounced fall. In declarations to the press, Rato said that the greenback may continue to fall rapidly, which, he added, would complicate the credit crisis in the United States. Rato said there was a possibility of a worldwide recession in 2008 but this would not be his most important forecast. -Political Affairs
IMF (International Monetary Fund) director, Rodrigo Rato, forecast that the dollar is due for a disorganized and pronounced fall. In declarations to the press, Rato said that the greenback may continue to fall rapidly, which, he added, would complicate the credit crisis in the United States. Rato said there was a possibility of a worldwide recession in 2008 but this would not be his most important forecast. -Political Affairs
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