SIGNS OF GOOD TIMES
“There are good enough reasons,” states the “Morning Post,” “for taking a cautious view of the present appreciation in sterling. At the same time the outlook is undoubtedly brighter for this country than at any period since the slump first began in the autumn of 1929. The recent improvement in our unemployment figures was indeed slight, but it was the right side. Moreover, while there can be little immediate hope of expansion in our export trade so long as the position of the outside world, and especially of the gold standard countries, continues to deteriorate, it is not over-optimistic to expect some recovery in the home market with the aid of the new tariff measures. In particular, the success of recent flotations is a sign of returning confidence, which must be the foundation of any true revival. The important thing is to realise that revival will necessarily be slow.”
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Bibliographic details
Waipa Post, Volume 44, Issue 3183, 28 May 1932, Page 2
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153SIGNS OF GOOD TIMES Waipa Post, Volume 44, Issue 3183, 28 May 1932, Page 2
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