Good news for the U.S. economy could turn out to be bad news for the rest of the world in 2015, a growing number of economists are warning. While the U.S. economic recovery is a boon for Americans and the countries from which they import, the dollar’s rising strength could also bring out lurking problems in less-developed countries.
Growth in the United States while other parts of the world are faltering could squeeze people in emerging markets who borrowed in dollars when times were good. Now, they have to pay back in dollars that have been bolstered in value as their …read more
Source: Foreign Policy
