Future Prospects.
World Trade
International Currency Essential. United Press Assn.—By Electric Telegraph—Copyright. LONDON, January 2. “ 'J'HE TIMES,” editorially reviewing trade and economic prospects, emphasises the fact that countries linked with sterling, including the British Dominions, showed the most pronounced revival in 1934 and should continue to progress. America apparently is prepared for an advance. The European outlook is less certain. Germany’s self-sufficient policy does not promise greatly to assist, international trade, while the gold bloc countries are not encouraging it. Italy and Holland had difficulty in maintaining equilibrium. French industry declined. If President Roosevelt abandons his currency experiments and succeeds in raising prices and reviving industry, the effect on gold currencies, to which the dollar is linked, may enormously improve -worldwide trade; but it is increasingly clear that a world-wide international currency is essential to complete recovery. Meanwhile, the British can be thankful for a measure of revival and can face the future confidently.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20503, 3 January 1935, Page 6
Word Count
154Future Prospects. Star (Christchurch), Volume LXVI, Issue 20503, 3 January 1935, Page 6
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