1945

World trade, which had declined in 1958, registered an increase in 1959. Recovery was slow, however, and the level of world exports (excluding trade between mainland China, Soviet Union and the countries of eastern Europe) in the third quarter of 1959 was just a little below that of the last quarter of 1957, when it had reached a record level. The upturn started in the last quarter of 1958, but in the third quarter of 1959 it had not yet surpassed the level of the bottom of the recession, reached a year earlier, by more than 9 per cent.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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