"In continental Western Europe the general picture is one of a continuing strong growth of output, with boom conditions especially pronounced in France, Western Germany and The Netherlands. In the United Kingdom, on the other hand, total industrial output has fallen decisively below the level reached at the end of last year." Thus did the latest seasonal report of the United Nations' Economic Commission for Europe last week sum up the economy of Western Europe.
In the first quarter of 1956, said ECE, continental Western Europe's total industrial output soared 26% over the 1953 figure while Britain's limped along at...
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