This study considers some significant aspects of economic development during 1955 and 1956 in selected African countries. In the Union of South Africa, the general increase in economic activity has been accompanied by inflationary pressure. In order to counter such pressures, interest rates were raised. In northern Africa, a difficult situation was aggravated by internal strife which adversely affected production and investment. In tropical African countries, export earnings, the main source of money income, continued to expand in 1954 with a 10 per cent rise from the previous years.
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Middle East 1954-1955,
Africa 1954-1955
World Economic and Social Survey 1954
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