| Conventional wisdom suggests commodity exporters will take price declines on the chin, but Morgan Stanley expects they'll benefit most. It's all about curing the Dutch Disease, Morgan Stanley said in a note last week, referring to the negative economic impact of increasing natural resources investment at the expense of other sectors.
"If left uncured, the net effect is usually a decline in productivity that tends to hurt growth over longer periods," the bank said. "Commodity exporters face a difficult transition, some a recession, and even after that, a few could lapse back into mediocre growth and low productivity," it said...............................................Full Article: Source
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