May
25
How will Europe(the Uk including) be affected by the US recession?
By
which countries will benefit
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1 Comments
May 27th, 2010 at 9:39 am
In general, as the dollar slips in value relative to the euro, american goods become cheaper in europe, so they will import more, and euro goods are more expensive in the US, so they will export less. Exporters will be hurt.
Also, fewer americans will come to europe for vacations as the cost rises; however, europeans will find US vacations a bargain. I would expect european tourist industry to suffer.