World Economic Report 1948

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World Economic Report 1948 assembles a considerable volume of post-war economic data relating to all regions of the world not hitherto available within the compass of a single study. The Report aims to provide a comprehensive survey of the world economic situation in 1948, and to indicate major economic problems and prospects as at the end of the year. In addition, present economic conditions in various areas of the world are compared with those which prevailed before the war. Particular attention is drawn to certain significant economic trends during 1948 and the early months of 1949 which appear to call for national and international action.



Inflationary and deflationary developments

Inflationary tendencies prevailed in most parts of the world in 1947. In many countries these tendencies were reflected in open inflation. In a number of other countries inflation was contained by direct price controls and by rationing of scarce essential items.


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