Sentence examples for by a big devaluation from inspiring English sources

But inflation has eroded the boost to growth provided by a big devaluation in 2002.

Typically, this process would have been facilitated by a big devaluation, but the single currency prevented that.

He thought that he was also taking over an economy already on the mend after a series of blows the emerging-market sickness of 1997-98 and, in January 1999, a big devaluation by Brazil, Argentina's main export market.So Mr de la Rua's Alliance government quickly pushed through public-spending cuts and tax rises, to try to close a widening budget gap.

Most economists expect a big devaluation.

Brazil returned to growth after a big devaluation in 1999.

Thanks to a big devaluation and a high oil price, the economy last year did grow by a spanking 8%, but that boomlet is fizzling out already.

A country is forced into a big devaluation as foreign-exchange reserves dwindle.

After all, executives are paid partly in shares, a currency that had just suffered a big devaluation.

A big devaluation is out of the question, he says, because many company and household loans are in foreign currency.

For example, ever since the financial crisis led to a big devaluation of the pound against the euro, other Europeans have complained about Britain's "competitive devaluation" distorting the single market unfairly.

With a new currency, a big devaluation against the euro, and a write-off of many of its debts, it could conceivably do better for itself.