depreciation

Argentines fear a peso devaluation or depreciation after the vote despite US intervention.

GE Vernova projects it can grow sales at a mid-single digit rate, in percent terms, over the coming years and produce earnings before interest, taxes, depreciation, and amortization, or Ebitda, profit margins of 14%.

The company also raised its outlook for adjusted earnings before interest, taxes, depreciation and amortization—which strip out exceptional and other one-off items—to between $1.24 billion and $1.26 billion.

Renewed concerns about the won’s depreciation also warrant a careful approach by the central bank.

And there wouldn’t be the sustained dollar depreciation we take for granted under modern paper money.