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World Economic Survey 1974

Part Two: Current Economic Developments

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Part two of World Economic Survey 1974 analyses the salient features of world production and trade in 1974 compared with the earlier years of the Second United Nations Development Decade. It also deals in detail with the course of production and world trade, with problems of internal economic balance, including the acceleration of inflation in 1974 and the emergence of recessionary forces in the developed market economies. Finally, it examines the prospects for the world economy in 1975.

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