Sentence examples for huge devaluation from inspiring English sources

"With this much austerity, it would always have a huge devaluation, too".

So exporters are losing some of the competitive advantage they gained from the sucre's final, huge, devaluation.

We witnessed an institutional breakdown, a huge devaluation, the destruction of the financial system and a default on the public debt, all at the same time.

That, crudely, is the state of the Russian economy as the boost given by the huge devaluation of 1998 wears off.Economic growth last year was a record 8.3%.

In 1992, Italy left the European monetary system and witnessed a huge devaluation: the structural problems deepened, and workers' conditions deteriorated.

The huge devaluation has come as a shock, not least to British people living in France and Spain on sterling pensions.

Already, Americans and Europeans are struggling to sell their wares in depressed Asia, and are losing markets to Asian goods made far more competitive by huge devaluations.

Instead of having huge devaluations like those suffered in Mexico under Mr. Zedillo, in Indonesia under Mr. Suharto or in Poland under Mr. Walesa, Europe's troubled nations need to raise competitiveness by reducing local costs.

I was based there when Asia fell apart: huge devaluations, businesses completely destroyed.

For the first nine months of this year, industrial production is up only 2% compared with the same period of 1997 despite a huge (75%) devaluation.

All successful adjustments in Latin America involved huge initial devaluations and immediate reductions in real wages, thus cutting unit labour costs.