Introduction

I. Recent trends

-Demand

-Output and employment

-Wages, prices and costs

-Trade and the balance of payments

-Merchandise trade

-Commodity composition of trade

-Invisibles

-Capital movements and changes in the reserves

II. Policy Measures

-The April budget

-The November budget

-Bank credit and interest rate policy

-The money supply, credit and government transactions

III. Demand Management Policy, 1964-68

IV. Prospects and Policy Conclusions

-Prospects

-Policy conclusions

Statistical Annex