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World Economic Report 1948

image of World Economic Report 1948

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.

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Food and agriculture situation

World food production for 1948/49 1 was materially higher than for the previous year. Production of crops used for direct human consumption was equal to, or above, pre-war levels and production of food crops was well above prewar, but output of animal products was still substantially below pre-war. The crop increases were due primarily to exceptionally favourable crop and pasture conditions in Europe and North America, in contrast with unusually bad weather and low yields in Europe in 1947/48. World population is about 10 per cent larger than before the war; world supplies of food in terms of calories per person were still 5 to 10 per cent below the pre-war level and were even further below desirable nutritional levels in terms of other nutrients essential to health.

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