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Page added on January 25, 2006

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Economists predict sliding dollar

China and US consumers will determine the fate of the global economy in 2006, according to experts at the World Economic Forum.

So far the world economy had been far more resilient than predicted, they said, managing to live with high oil prices and US deficits.
However, they warned that China’s current economic model was not sustainable.

Spending and savings habits of US consumers would have to change as well.

BBC



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