1945

Brazil’s economic situation in 1954 displayed strongly contrasting features. On the one hand, inflation gained a new impetus, while exchange and balance-of-payments difficulties became critical; on the other, gross income expanded by more than 11 per cent in relation to 1953, which is the record increase during the last few years. Simultaneously, the investment coefficient, which had already shown a relatively sharp fall during the preceding year, again declined to only 12.7 per cent of gross income, or one of the lowest post-war levels.

Related Subject(s): Economic and Social Development
Countries: Brazil
/content/books/9789210583572s003-c003
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