Examples of using Internal devaluation in English and their translations into Slovak
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It is called internal devaluation.
With the notable exception of tourism, which benefited from internal devaluation.
Conclusion 6.4 Insanity of internal devaluation as a means to achieve competitiveness.
Macron is bound to be a carrier of France's internal devaluation;
You are here: Home 6.4 Insanity of internal devaluation as a means to achieve competitiveness.
That is, to reduce their government spending drastically by so-called internal devaluation.
In absence of national currencies, internal devaluation is a key strategy for adjustment of price levels within a currency union.
In the absence of the currency devaluation option, euro areacountries attempting to regain cost competitiveness have to rely on internal devaluation(wage and price containment).
The impact of internal devaluation on pay levels in Latvia Internal devaluation was regarded as a key pillar of the Latvian adjustment.
This is the model upon which the theory of austerity is based on andwhich is asking for internal devaluation in countries hit by recession as a means to restore economic growth and competitiveness.
Internal devaluation worked through the adjustment of the wages of the newly hired 173 Internal devaluation was a key element of macroeconomic strategy in three countries(Latvia, Ireland and Portugal).
It is furthermore regrettable that in its reference to the goals of the Europe 2020 strategy theCommunication does not mention the imbalance between these goals and the"internal devaluation" policies and structural reforms being advocated by the EU.
Internal devaluation was a key element of macroeconomic strategy in three countries, where a set of policies was devised to restore international competitiveness by focusing mainly on reduced labour costs.
Which means more austerity and more contractionary policies, to cause more internal devaluation than it is currently the case, more declines in unit labor costs, more salary cuts, more unemployment, less consumer spending, less corporate investments.
Hopes that the creation of the euro would force rational economic behavior on all sides were in vain,” he said, noting that the policy of forcing Spain, Portugal,and Greece to carry out internal devaluations was a“catastrophe.”.
The Commission defines internal devaluation as policies aiming‘to reduce domestic prices either by affecting relative export-import prices or by lowering domestic production costs and thereby yielding a real exchange rate depreciation.'.
Issues that could be further investigated include:(a) impact of the measures to regain competitiveness,such as internal devaluation;(b) social impacts and burden sharing of the adjustment programme; and(c) sequencing of adjustment measures.
The AGS acknowledges that Europe's share in international trade contributes significantly to the EU's wealth and that recovery is focusing on growth more stronglydriven by increased exports to emerging economies, with internal devaluation in some countries.
Instead of internal devaluation and enormous suffering connected with it(which is destroying even these domestic industries which would otherwise remained spared from recession) are imbalances naturally removed through rising and declining exchange rates of national currencies.
Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness,and debt sustainability in the eurozone's periphery comes through austerity and internal devaluation rather than debt restructuring and exit(leading to the reintroduction of sharply depreciated national currencies), the cost will most likely be trillions of euros.
Due to the massive austerity measures and internal devaluation(meaning squeezes on jobs and wages at home), it is likely Greece will face limited economic growth for some time, meaning very limited tax revenues, while the country's GDP is expected to shrink further.