Spectre of sudden recession in US dampens British New Year hopes

Article Abstract:

Economic developments in the US in 2001 will have a significant impact on the UK economy. A sudden downturn seems to be taking place in the US, and this could affect expansion and interest rates in the UK.

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Euro plunge is 'of no concern' says ECB

Article Abstract:

The euro has fallen to a record low against the dollar, and there have been rumours that the European Central Bank (ECB) will intervene to support the euro. However, ECB executives have emphasized that they are not worried by the fall in the value of the euro and are not planning to intervene. Analysts believe that there is little to prevent the euro hitting dollar parity. Opponents of European monetary union in the UK have highlighted this crisis as an argument against joining.

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WTO's new chief goes into battle to defend free trade

Article Abstract:

New World Trade Organisation Director General Mike Moore is firmly committed to free trade. He emphasizes that it is wrong to claim that poor countries would be strong economically if there were less trade, and states that trade liberalization has significant advantages for developing countries. He is determined to demonstrate that he is not merely protecting the interests of the Western world, and has already strongly criticized the US and the European Union for retaining some trade barriers.

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