Buba's Stark - US growth slowdown coming true

- Central Banking staff
- 04 Dec 2000

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Bundesbank deputy president Juergen Stark said on Monday he was pleased with the euro's appreciation and said the slowdown in US economic growth appeared to be materialising.

"The weakening of growth in the US seems to be coming true," Stark told reporters at a financial conference in Frankfurt. He was speaking as the dollar slumped across the board on Monday as investors, spooked by signs of economic slowdown, dumped the US currency in exchange for euros, Swiss francs and British pounds. The

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