Question
In August 2019 approximately $63 billion was wiped from the ASX (Australian Stock exchange), triggering fears of a global recession. What were the causes of
In August 2019 approximately $63 billion was wiped from the ASX (Australian Stock exchange), triggering fears of a global recession.
What were the causes of this drop in the stock market?
How is this likely to affect the Australian dollar going forward?
To assist you in answering this question refer to:
https://www.rba.gov.au/education/resources/explainers/pdf/exchange-rates-and-the-australian-economy.pdf?v=2019-09-04-15-00-2
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
