TRADE OUTLOOK
AN UNINSPIRING FORECAST Summing up trade conditions, as they appeared at the end of November, Barclay’s Bank “Monthly Review” states that there is little sign of any definite lifting of the trading depression. Few countries, it points out, are so dependent on external trade as the United Kingdom, and therefore a revival in industrial activity in that country is contingent to a great extent upon a recovery in other parts of the world. “At the present time,” it goes on to say, “financial difficulties in Australia, economic and political troubles in South America, boycotts in India, disturbed conditions in China, and depression among all primary producing countries, as a result of the fall in raw material prices, continue to restrict business, and until Hhe position overseas definitely improves, Great Britain’s export trade, which is responsible for a large volume of unemployment, is likely to remain depressed.”
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Nelson Evening Mail, Volume LXIV, 8 January 1931, Page 10
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148TRADE OUTLOOK Nelson Evening Mail, Volume LXIV, 8 January 1931, Page 10
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