The Fall in Britain's Invisible Earnings

R. S. Gilbert

National Institute Economic Review, 1960, vol. 12, 45-52

Abstract: Britain's visible deficit in her balance of payments—that is, her deficit on imports and exports of goods—is likely to be a good deal worse this year than it was last: probably over £100 million bigger. But, even so, it is unlikely to be any larger than in the first half of the nineteen-fifties. This deterioration in visible trade would be much less disturbing if it were not for the fact that the ‘invisible’ balance has also been getting worse.

Date: 1960
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