Wednesday, January 18, 2012

1952; Exports and Emports

This posting is part of the Bonddad Economic History Project 

The above charts shows that in 1952 neet exports were a drag on overall growth.  We see one quarter -- the first -- where overall exports increased and added to GDP.  But in that quarter we all see a large contraction in imports, meaning overall net exports subtracted from growth.  The second and third quarter show marked contractions as well.  The fourth quarter we see a positive contribution from overall exports, but, again, imports sharply contracted, leading to an overall contraction for the quarter and a terrible year for exports. 

The information below is from the 1953 Economic Report to the President and is part of the Bonddad Economic History Project