22.09.2015 - A weaker currency can sometimes be bad for growth
A weaker currency is usually perceived to be good for the economy; exports get a lift as shipments become more competitive abroad while some consumers are weaned away from costly imports to goods produced in-house. Such a scenario should therefore be music to the ears of policymakers in Malaysia, for instance, where the local currency has been droopy for a while now, amid graft allegations against Prime Minister Najib Razak as well as a rout in commodity markets...............................................Full Article: Source
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