1945

The insurrection of 1948 dealt a severe blow to production, which had been well on the way to recovery. Nevertheless, the rising trend of output, and especially of agricultural output, was resumed in 1950/51, and by 1952/53 the pre-insurrection peak had been comfortably exceeded even though pre-war levels had not been regained. Moreover, the economy supported a gross domestic investment in relation to income much larger than before the war, even while substantial additions to foreign exchange reserves were being made.

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