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.




Significant economic progress was made by nearly all European countries during 1948. Production of the major food crops in Europe (excluding the USSR) rose to approximately 90 per cent of the average during the pre-war years 1934-38, and was above the output of that period in the United Kingdom and in the Union of Soviet Socialist Republics. Food consumption levels were much higher than in the earlier post-war years.


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