Further Price Rises Expected In Australia
Neither the Australian business community nor the public generally expects any severe fall in prices or employment, in spite of the Commonwealth Prime Minister’s hint last month of “serious economic repercussions on the Australian economy in the near future,” says the latest Monthly Summary of the National Bank of Australasia. “Repercussions” involved not a fall, but possibly an even further rise in pripes of many consumer goods, not * unemployment but a heavier demand upon Australian manpower.
They represent a continuation of conditions which did not in any way bear resemblance to the accepted pattern of depression with low prices and unemployment.
“Whether such a state of depression will ultimately develop would seem to depend largely upon monetary and economic arrangements made on an international plane in the next year or so, but on present inications there is ground for the -belief that such a threat is not imminent,” states the Summary.
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https://paperspast.natlib.govt.nz/newspapers/BPB19471104.2.16
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Bay of Plenty Beacon, Volume 11, Issue 95, 4 November 1947, Page 4
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157Further Price Rises Expected In Australia Bay of Plenty Beacon, Volume 11, Issue 95, 4 November 1947, Page 4
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