The International Monetary Fund did not think this was a realistic option when its team calculated in November 2008 that: «A further depreciation of the exchange rate of 30 per cent would cause a further precipitous rise in the debt ratio (to 240 per cent of GDP in 2009) and would clearly be unsustainable.» (michael-hudson.com)
On November 25 an IMF team calculated that «A further depreciation of the exchange rate of 30 percent would cause a further precipitous rise in the debt ratio (to 240 percent of GDP in 2009) and would clearly be unsustainable.» (michael-hudson.com)
There's a new cultural trend on a precipitous rise: spending money in the name of «self - care.» (youngandthrifty.ca)