A STRONG US dollar combined with slowing global growth is set to plunge the world into its first outright US dollar recession since 2009, according to an analysis of International Monetary Fund data issued last week. The IMF cut its global growth forecast for 2015 from 3.5pc in April to 3.1pc in its latest projection. But if world growth is calculated in dollar terms, a more parlous and lopsided picture of global economic health emerges. “In dollar terms, there is going...
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