The economic report shows how future projects in Belgium, which address industries like power and steel, will help contribute to the post-war economic recovery.
The report shows that the pace of economic recovery in Belgium has been very rapid since the end of the war, especially in areas such as steel production, metal manufacturing, and power. Inflation experienced during the post-war years has leveled-off and the creation of the Organisation for European Economic Cooperation's (OEEC) Intra-European Payment Plan allows Belgium to reach an equilibrium in its balance of payments with other participating countries. The report explains that, in order to tackle the country's foreign trade problem, costs need to be lowered to improve competitive positions; this could be accomplished through the modernization of equipment. The report describes a country that has made significant progress in the previous four years but also struggles to achieve economic stability.
The report offers an analysis of the Belgian economy including post-war recovery and readjustment issues.
The transcript contains a report to the Board by Mr. Penton about his trip to Belgium and France on pages 926 to 932.
Sept. 16, 1948
The brief summary of economic developments in Belgium comments on issues related to employment and trade (1535401).