The Asian countries have pursued a weak currency to artificially boost exports.
Now that the U.S. is devaluing the USD, they may have to go weaker with their own currencies to adjust to the weak US dollar.
As expected, most of Asian economies don’t seem to decouple from a worldwide economic slowdown.
Does Korea have domestic demand to fall back on?
How would Korea deal with any consequences stemming from its currency adjustment in the coming years?
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