UN economists warn that dollar is in for a hard landing next year
By Harvey Morris at the United Nations
Published: December 1 2008 02:00 | Last updated: December 1 2008 02:00
The current strength of the dollar is temporary and the US currency risks a hard landing in 2009, according to a team of United Nations economists who foresaw a year ago that a US downturn would bring the global economy to a near standstill.
In their annual report on the world economy published today, the economists say the dollar's sharp rebound this autumn has been driven mainly by a flight to the safety of the international reserve currency as the financial crisis spread beyond the US.
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