Fiscal Deficit Will Further Depreciate $

Bangalore, May 26: | Updated: May 27 2003, 05:30am hrs
American politician Lyndon HLaRouche, said on Monday that the US Dollar will further depreciate due to increased fiscal deficit and current account deficit of the US government.

USD will fall incessantly.. the dollar is overvalued, LaRouche told reporters here at the sidelines of an international conference on world situation after Iraq war.

He said the US fiscal deficit and current account deficit each were over USD one trillion and the economy was in a bad state.

Mr LaRouche, a candidate for the Democratic party nomination for the US presidency in 2004, said the US economy was seeing an hyper inflation, industrial production reducing, growing unemployment. The internal economy is depressing, he said.

PTI