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VIEW IN LONDON

N.Z. Economic Growth

CN.Z. Press Assn.—Copyright) LONDON, April 8. In both Australia and New Zealand economic growth was slowing down after a strong boom which began in 1962, the British weekly business magazine “The Economist” said in its latest edition. Both countries had considerable deficits in their balance of payments and both were losing international reserves at a rate which their Governments regarded as undesirably fast, the magazine said. For New Zealand the most immediate and pressing problem was to moderate import demand. *

Australia’s balance of payments problem was less pressing and reserves were still high by past standards. But, unlike New Zealand, the more immediate problem was to ensure a continuation of a satisfactory rate of economic expansion.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19660409.2.134

Bibliographic details

Press, Volume CV, Issue 31030, 9 April 1966, Page 14

Word Count
122

VIEW IN LONDON Press, Volume CV, Issue 31030, 9 April 1966, Page 14

VIEW IN LONDON Press, Volume CV, Issue 31030, 9 April 1966, Page 14

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