Economic and Social Survey of Asia and the Far East 1956

image of Economic and Social Survey of Asia and the Far East 1956

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.




Indonesia’s economy achieved a degree of internal financial stability in 1956 but the balance of payments deteriorated. Inflation, one of the country’s most pressing problems since a spiral trend developed in late 1954 and the first half of 1955, became less acute between mid-1955 and the end of the third quarter of 1956. However, the danger of a resumption of the upward trend in prices and the cost of living was inherent in the situation at that point and was confirmed by the statistical evidence available for the final quarter.


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