1945

World trade, which had expanded in value from 1955 at an annual rate of 8-10 per cent (trade between the Soviet Union, Eastern Europe and mainland China is not included in the totals), started contracting in the second half of 1957. The downward trend was accelerated in 1958. The dollar value of total world imports in the third quarter of 1958 was 12 per cent less than in the peak second quarter of 1957.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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