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