Australia Dollar Should Devalue By 40% To Stay Competitive [REPORT]

Ross Garnaut, noted economist, feels Australia’s dollar may need to fall by 40 percent to stay economically competitive.

The former government advisor’s prescription would mean Australia would need a U.S. dollar exchange rate around the US 70¢ mark, or still lower, implying a 40 percent slump from the current level.

Former Prime Minister Bob Hawke’s economic advisor, Ross Garnaut, exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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