Further decline of export earnings

Owing mainly to the weakness in raw material markets, the total export earnings of the region in the first half of 1952 decreased further from the peak reached in the first half of 1951. The export earnings of fourteen countries of the region totalling $3,826 million, were 8 per cent below the second half of 1951 and 26 per cent below the first half of 1951 (the boom period). However, export earnings were still 55 per cent higher than in the half year before the outbreak of the Korean war.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities