A reduction in U.S. consumption, increased savings and the adoption of flexible exchange rates in Asia would trigger global instability, according to a Conference Board analysis released today.
Says Gail Fosler, Executive Vice President and Chief Economist of The Conference Board: “Not only would these actions not have the intended effect but they would add to global instability and further slow an already disturbing slowdown in long-term global growth.”
The analysis appears in the latest issue of StraightTalk, a newsletter prepared by Fosler for The Conference Board’s global business network.
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