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Economic and Social Survey of Asia and the Far East 1948

image of Economic and Social Survey of Asia and the Far East 1948

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

English

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Inflation and price movements

The position regarding inflationary and deflationary pressure in the region during 1948, as far as it can be judged by the behaviour of prices, may be summed up as follows: China continued to be in the grip of hyper-inflation. An unsuccessful attempt was made to hold the tide of inflation by the currency and economic reform of 19 August, 1948 which is described later in this chapter.

English

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