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

[DAVOS] 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," Mr 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."

REUTERS