INTERNATIONAL TRADE
RETURNING PROSPERITY ?
NO SIGN AS YET
Doited Press Association—By Electrlo Tele-
eraph—Copyright.
GENEVA, February 24.
The League's economic services report that'world trade figures for 1938' show that international trado was 30 per cent, lower in quantity and 50 per cent, lower in gold value than in 1929. There was' no sign of returning prosperity ■ internationally, though some countries improved their domestic activity, due to the diminution of international trade.
The, majority of countries remaining on. the gold standard kept only 35 per cent, of their 1929 trado, America retaining barely 25 per cent. Japan on a basis of national currency lost 12} per cent, of trade, and Australia only 8 per cent. .
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Bibliographic details
Evening Post, Volume CXVII, Issue 48, 26 February 1934, Page 9
Word Count
114INTERNATIONAL TRADE Evening Post, Volume CXVII, Issue 48, 26 February 1934, Page 9
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