World Growth Rate Eclipsing Dollar as Concern for Lew

Most times when the dollar appreciates, the National Association of Manufacturers is quick to express its concern that a stronger currency will hurt exports. Now, it’s more worried about the state of the world economy.

A stronger dollar “is not helpful for our ability to sell exports to Europe,” Chad Moutray, chief economist at the Washington-based group, said in an interview. “But even more unhelpful is the fact that their economy is so fragile. The global economy is much weaker right now than we would like to see in terms of our ability to grow exports.”