But it is important that we all understand what curing the balance of payments deficit implies. It implies that for a period of some years those producing exports and import substitutes will enjoy rather stronger levels of growth, in sales and incomes, than those producing goods mainly for the domestic market.
In plain English, that means that farmers, export manufacturers, fishing companies, tourist operators, and the like are likely to be relatively prosperous, while those in industries such as construction and retailing may be somewhat less so. It implies that consumption spending may grow rather more slowly than total disposable income, with the difference going into increased saving.