THE EMPIRE LEADS
WORLD TRADE RECOVERY LONDON TIMES REVIEW LONDON, Jan. 2. The Times, editorially reviewing trade and economic prospects, emphasises that countries linked with sterling, including the Dominions, had showed most pronounced revival in 1934- and should continue to progress. America apparently was prepared for an advance. The European outlook was less certain. Germany’s self-sufficient policy did not promise greatly to assist international trade, while the gold bloc countries were not encouraging. Italy and Holland had difficulty in maintaining equilibrium. French industry had declined.
If Mr. Roosevelt abandoned currency experiments and succeeded in raising prices and .reviving industry, the effect on gold currencies to which the dollal’ is linked might enormously improve world-wide trade, but it was increasingly clear that a world-wide international currency was essential to complete recovery. Meanwhile, the British could be thankful for a measure of revival and face the future confidently.
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Bibliographic details
Poverty Bay Herald, Volume LXII, Issue 18594, 3 January 1935, Page 7
Word Count
146THE EMPIRE LEADS Poverty Bay Herald, Volume LXII, Issue 18594, 3 January 1935, Page 7
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