UPWARD SLOPE
THE ROAD TO RECOVERY. Berlin, Aug. 31 That both Britain and the United States are beginning to climb the upward slope of the normal business cycle, is the opinion of the official German Bureau of Business Research. “Former experience teaches us that evolution towards prosperity always begins with the stimulation of credit and Stock Exchange activities,’’ says the bureau in its report, “while industry and the labour market at first are not influenced.” However, the report discerns no signs of recovery in Germany or AustriaHungary, owing to the consumption of favourable trade balances to repay debts.
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Bibliographic details
Bay of Plenty Times, Volume LXI, Issue 10905, 3 September 1932, Page 4
Word Count
98UPWARD SLOPE Bay of Plenty Times, Volume LXI, Issue 10905, 3 September 1932, Page 4
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