The race to the bottom has begun. Confronted with disappointing growth rates, policy makers in some of the world’s largest economies are turning to currency devaluation in the hope this will trigger an export-led recovery.
匯率貶值的競賽已經開始。在遭遇令人失望的經濟增長率之后,一些全球最大經濟體的政策制定者訴諸于匯率貶值手段,寄望于這將激發出口拉動的經濟復蘇。
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