Since the end of World War II, America’s share of global output has fallen from nearly 30% to about 18%, yet the US dollar retains its dominant position as the world’s reserve currency – and by a solid margin. When – and how – will that change?
FRANKFURT – Since the end of World War II, the United States’ share in world GDP has fallen from nearly 30% to about 18%. Other advanced economies have also experienced sustained declines in their respective slices of the global pie. But you wouldn’t know it from looking at the international monetary system.
FRANKFURT – Since the end of World War II, the United States’ share in world GDP has fallen from nearly 30% to about 18%. Other advanced economies have also experienced sustained declines in their respective slices of the global pie. But you wouldn’t know it from looking at the international monetary system.