1945

The main overseas markets for Latin American productions

The slowing-down in the rate of growth was particularly marked in the United States because of the contrast with the dynamic pace of previous years. From 1929 to 1948 the gross national product rose by more than 60 per cent in real terms, i.e. about 2 1/2 per cent per annum. In the following five years, despite a dip in 1949, the national product grew even faster, increasing by 26 per cent, i.e. by more than 4 per cent per annum. From 1953 to 1955 the annual growth rate was 3 per cent, and from 1955 to 1957, 2 per cent.

Related Subject(s): Economic and Social Development
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