The Archive · 1934

TRADE PROSPECTS

The Federation of British Industries its business forecast for the third Jquarter of the current year, publish-recently in England, betrays a certain uneasiness over the prospects jof the further recovery of Great Britain. It is suggested that recovery has gone as far as it can in Great Britain, and that further development must await an improvement in the general international situation. In this connection the forecast says:

1s, however, becoming tnereasing ly clear that so far from British trade being. as many. sul believe, at the Deginning of a recovery, Nevertheless there are indications that. there is a renewed concern among business men, bankers and merchants for the future of Great Britain's international trade. It must also be a matter which will require the unceasing attention of the British Government, for it is apparent from fa recent statement by Mr, Runciman that Britain has an unwieldy, obstinate, mass of 2,008,000, unemployed centred largely upon wy ex port industries. The outlook is depressing in all conscience, for it Apparent that it is not the isolated activities of the individual nation that can even secure prosperity for Aiself, but the indulgence in a cor mon international effort, which alone can secure the required result,

Text read from the printed page and cleaned; old type leaves the occasional error.

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