WORLD TRADE
Slow Rate Of Growth (N.Z.P.A. -Reuter—Copyright) LONDON, April 22. Figures in the April Issue of the International Monetary Fund’s monthly bulletin, “International Financial Statistics,” point to the continued slow growth of world trade. According to an I.M.F. memorandum out today, the bulletin shows that the value of world trade rose in the fourth quarter of 1967 to a record annual rate of just under $2OOO million.
But this represented a rise of less than 3 per cent over the fourth quarter of 1966. World trade in 1967 as a whole was up less than 5 per cent from 1966, “a substantially smaller annual increase than in any year since 1962,” the I.M.F. said. The I.M.F. announced that drawings on the fund in the first quarter of 1968 were almost as large in volume as during all of 1967.
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Bibliographic details
Press, Volume CVIII, Issue 31661, 23 April 1968, Page 15
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140WORLD TRADE Press, Volume CVIII, Issue 31661, 23 April 1968, Page 15
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