International Monetary Fund: "US dollar will fall 15-35%"

IMF report doesn't show the time of economic regression. Independent experts also believe that devaluation of the US dollar will continue.

The IMF report says that unfavorable balance in the US economy has risen recently and this factor shows that liabilities of the US economy to the foreign states are increasing.

The unfavorable balance constituted $804.9bn representing 6.3% of GDP. Analysts forecast that the figure will beat 6.5% in 2006 and 6.7% in 2007. The difference between Americans' foreign assets and foreigners’ assets in the US was 20.4 of the GDP in 2005, the difference will reach 50.1% in 2011.

The report is not optimistic about the US economy. The inflation rate equaled 2.9% in June by having represented the fastest one since 1994. The U.S. economic expansion slowed to an annual rate of 2.5% in the second quarter, while it was 5.6% in the first quarter.

Experts say that US dollar has to date devalued 42.6% against euro since 2000. But this figure is not considered to be the stop-the US dollar is anticipated to devalue 15-35%.

Experts say that increasing price of row materials in the market counterbalances the loss of companies caused by dollar devaluation.

However, some don't agree with IMF analysts’ forecasts. Harvard University Economics Professor Ricardo Hausmann said that the increase of the US liabilities is a statistical mistake. He said that the US exports invisible substance and in this way, contributes to the world. HSBC economist Steven King also advocates this idea, APA reports.