Introduction

The year 1953 was in several respects one of the most satisfactory years for the world economy since the war. Total production and consumption were at record levels and in most countries unemployment was relatively low. Inflationary pressures either had previously been eliminated or tended to subside in the course of the year. The force of the short-term fluctuations in prices, production and international payments that had accompanied the Korean hostilities was apparently spent. The disequilibrium in international transactions was eased, and restrictions on international trade and payments were being relaxed.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action