January 22, 2015 / 8:52 AM / 3 years ago

Goldman's Cohn: 'We are in currency wars'

Gary Cohn, President and Chief Operating Officer of Goldman Sachs, speaks at the Ending the Experiment event in the Swiss mountain resort of Davos January 22, 2015. REUTERS/Ruben Sprich

DAVOS, Switzerland (Reuters) - Countries around the world are already engaged in a currency war in a bid to boost growth, Gary Cohn, the president and chief operating officer of Goldman Sachs, said on Thursday

“We are in currency wars,” Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. “The prevailing view is that the easy way to stimulate economic growth is to have a low currency.”

Reporting by Noah Barkin

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