Wednesday, January 16, 2008

Factors That Will Affect Your Career This Year

The Global Economy
Challenger doesn't believe the nation is headed for a recession. "The housing market is slowing down the U.S. economy, but the positive affects of the global growth engine will offset what is happening domestically."
He also believes that the weak U.S. dollar isn't necessarily bad for business. In fact, the opposite may be true. "It means that U.S. businesses can compete around the world, especially vis-a-vis Europe, because our goods will be cheaper due to the weaker dollar. When businesses in other countries repatriate the dollar across the seas, they'll get even more for their money."
He admits, "The falling dollar is a mixed bag for the economy, but it's good for global business hiring and job growth."

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