Australia Dollar Should Devalue By 40% To Stay Competitive [REPORT] – ValueWalk Premium
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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,

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