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.
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Bibliographic details
Press, Volume CV, Issue 31030, 9 April 1966, Page 14
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122VIEW IN LONDON Press, Volume CV, Issue 31030, 9 April 1966, Page 14
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