Summary
The world of economics seems nervous with thoughts concerning the impact of the rising dollar on next year's economy, yet the consensus opinion looks for logical economic growth of 3 per cent in 2004. On the other hand, everyone has noted the dramatic and time compressed rise in our currency over the past year. Acknowledged that interest rates, both short - and long-term, have stayed relatively flat over that time, there has been a one-for-one tightening of monetary conditions from the dollar's rise.
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