In 1995 Nigeria's inflation rate was a vertigo inducing 75 percent, while the naira which was at virtual parity with the dollar in the early eighties had tumbled to N21/ $1 by 1999, a more than 400 percent devaluation according to a Business day …
At the same time, 'the US dollar increased by about 10% per year, therefore generating a loss in competitive position which had the Argentinian wine industry in a very tight situation'. Yann Falc'hun, of Bodega Marco Zunino, agreed that the peso's …
Perhaps some of the unhappiest physicians I've encountered (admittedly a highly competitive category) may be those working at Kaiser, who complain that it feels increasingly like “a patient mill” focused on throughput. Most Kaiser physicians I know …
“If they do not complement this week's decisions with further announcements that anchor inflation and devaluation expectations, we should expect more inflation and foreign exchange volatility,” said Ignacio Labaqui, who analyzes Argentina for New York …
The irony that refuses to bother our leaders is that notwithstanding the immense wealth oil has since 1958 handed this country, with other additional competitive advantages in the world's most populous black nation, efforts to reduce the cost of …
Despite the possibility of the measure leading to a more competitive economy, devaluation implies several risks for the domestic economy, including a higher inflation rate, which could lead to higher pay demands from trade unions in the upcoming wage …
But Ash says that in offering the money, Moscow also urged Kyiv to let its currency depreciate so as to reduce the state's cost in propping it up and to make Ukrainian export products — particularly steel — more competitive. Both the International …
"If they do not complement this week's decisions with further announcements that anchor inflation and devaluation expectations, we should expect more inflation and foreign exchange volatility," said Ignacio Labaqui, who analyses Argentina for New York …
The austerity can only "work" (if one accepts the obscenely high human cost of it) if the massive unemployment drives down wages enough so that the economy becomes more competitive and can export its way out of the recession. The IMF projects a 20 …