Sentences with phrase «sudden currency devaluation»

In the last two months, the economic news coming out of China was both depressing and worrying: a spectacular stock market crash, a sudden currency devaluation, and anemic economic activities suggesting that the economy will miss the official target of 7 % annual growth for 2015.

Not exact matches

These currencies are least prone to sudden devaluations — airlines and hotels like to devalue their loyalty programs on an all too frequent basis so holding a transferable currency gives me the option to avoid a recently devalued program if it no longer offers me value.