1945

Aggregate monetary demand in the ECAFE region appears to have been higher in 1959 than in 1958 owing to the combined effect of more favourable weather conditions, the economic recovery of the region’s main industrial trading partners, and the continuance (if at a reduced pace in certain countries) of inflationary trends. The main exceptions to this general trend were the region’s rice exporters and Pakistan.

Related Subject(s): Economic and Social Development
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