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Australian Bank Sees 1953-54 Gains Yet Warns of 1964-55 Dangers
The Bank of New South Wales reports real achievements in 1953-54 with pride in 6 to 9 percent output gains, stable rural production, and favorable trade plus a small current surplus. It cautions that rising costs, potential labor shortages, and import reliance threaten 1964-55, demanding proactive policy and strong leadership.
MENTIONED IN THIS ARTICLE
Bank of New South Wales
Commonwealth
Treasury
Australia
London