KUALA LUMPUR, Aug 21 Kenanga Investment Bank Bhd has retained the 2023 current account (CA) forecast at 2.6 per cent of gross domestic product (GDP) despite weaker external.
Despite the current balance of payment deficit, Fitch Solutions, a renowned rating agency, has projected that Ghana’s balance of payments will shift into a surplus for the years 2023 and 2024.
Currency devaluation is a common temptation for major trading nations such as China despite the risk of starting currency wars. A recent report argues devaluing the yuan could bring major benefits and spur China and others to experiment further.