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Competitive Devaluation

Market Report, "Argentina Business Forecast Report Q3 2013", Published
www.sbwire.com

Boston, MA — (SBWIRE) — 08/30/2013 — We continue to expect that Argentine real GDP growth will bottom in 2013, forecasting 1.8% growth this year after 1.9% growth last year, as a currency devaluation, which we expect to occur in H213, sends …

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Colombia holds rate, sees better growth but risks rise
countingpips.com

The Central Bank of Colombia, which has held rates steady since April after cutting them by 200 basis points since July 2012, also said it was possible that the recent devaluation of emerging market currencies, including Colombia's peso, would continue …

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Canada: Unifor—a bureaucratic apparatus for suppressing the working class
www.wsws.org

The response of the unions to the emergence of a global labour market has been to join with the bosses in demanding workers make their employers more “competitive,” i.e. accept concessions, speed-up and job cuts, and to promote economic nationalism …

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After recession in Portugal, exports bring tiny fruits of success
articles.economictimes.indiatimes.com

Struggling eurozone countries cannot make themselves globally competitive by devaluing the local currency to make their exports cheaper because they belong to the currency union. But Portugal's unexpected increase in GDP, which followed 10 consecutive …

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Another financial crisis looms if rich countries can't kick their addiction to …
www.theguardian.com

However, people are rightly worried that too rapid flows of capital out of these countries may cause excessively fast devaluations, resulting in currency crises and thus financial crises, as happened in eastern Asia back in 1997. Situations like this …

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While we wait for Godot!
www.mydigitalfc.com

LOOK OUTWARD: The nettle that we need to grasp with both hands is exports — both goods and services — now that our exports have become more competitive owing to a significant devaluation of the rupee? —AP. An Indian CEO once told me, “You will …

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India: rupee in freefall, stagflation setting in, risks of sovereign downgrade …
www.creditwritedowns.com

BW: – It's standard macro-economics: When a country's currency declines, its exporters should soon get a boost as the lower currency makes their goods more competitive. By that rule, India should be enjoying an export boom. Since the start … And now …

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Harvey Norman sales up
www.theaustralian.com.au

Mr Harvey said trading conditions in its biggest market of Australia remained competitive, but the second half of the financial year showed some early signs of growth as sales from existing stores returned to positive territory in the third and fourth …

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WMS Fiscal Fourth Quarter Revenue Grows 14% Over Fiscal Third Quarter to …
www.marketwatch.com

… by Scientific Games Corporation (NASDAQ:SGMS) in selling and administrative expenses and $0.06 per diluted share for net charges in interest income and other income and expense, net, primarily related to foreign currency losses due to the …

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