The world economy [July 2005]

Kenneth Low

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One of the most important developments at the end of 2004 was the depreciation of the effective exchange rate of the dollar by 4.5 per cent on the previous quarter and the rise of the Euro effective exchange rate by 7.2 per cent. The world economy is still adjusting to this and growth has slowed slightly in the main economies.
Original languageEnglish
Pages (from-to)10-12
Number of pages3
JournalQuarterly Economic Commentary
Issue number2
Publication statusPublished - Jul 2005


  • Fraser of Allander Institute
  • world economy
  • Scottish economy


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