II: World Payments Developments in 1955
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International Monetary Fund
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Abstract

World industrial output outside the Soviet area, which in 1954 had been roughly the same as in 1953, rose by 10 per cent in 1955. This great increase was achieved with relatively little inflation in most industrial countries. Prices of finished products entering into international trade remained fairly stable from 1954 to 1955, while those of primary products showed, on balance, a slight decline.