The Economic Situation

Anonymous

National Institute Economic Review, 1960, vol. 10, 4-17

Abstract: In the past two months, the Government has again tightened credit. In the industries producing durable consumer goods, the pressure on resources began to ease early in the year. Investment in stocks probably reached its peak in the first quarter. Since then exports seem to have lost their momentum. If this continues, the growth of demand is likely to slow down. But stagnant exports would leave the balance of payments precarious.

Date: 1960
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