Posted AT 9:52 PM EDT on 23/03/05
Slumping U.S. dollar raises flag
The chances that the decline of the U.S. dollar will turn into a rout that triggers a worldwide financial crisis are “one in four and rising,” a U.S. economist said Wednesday.
“I think there is a reasonable risk that there is some kind of brief global financial crisis,” Mark Zandi, chief economist and co-founder of Economy.com Inc. of West Chester, Pa., said in an interview in Toronto, after a presentation on the U.S. and world economic outlook.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +.00 | 9,065.16 |
| DJIA | +.00 | 8,451.19 |
| S&P 500 | +.00 | 899.22 |
| Nasdaq | +81.65 | 1,731.16 |
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