Currency Quote by Gary Cohn
“The prevailing view is that the easy way to stimulate economic growth is to have a low currency.”
About This Quote
Source Speech: Economic Forum, 2018
The common belief is that a weak currency spurs growth, but this view is contested.
In simple terms: Weak currency is thought to boost growth.
Key Takeaway
Scrutinize economic assumptions.
Themes
economics
policy
currency
Mood
analytical
skeptical
Type
economic
strategic
When to use this quote
- business strategy
- investment decisions
- government policy
Key Concepts
macroeconomics
inflation theory
Questions to Reflect On
- What are alternative growth drivers?
- How does currency strength affect your industry?
A Different Perspective
May ignore other growth factors.
