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Economic outlook and labor issues amid postwar recovery
The analysis notes slow progress through 1920 21 with a shift toward cautious improvement since early 1922. Consumer demand remains weak as prices rise slowly, wages stay depressed, and debt weighs on purchases. Labor disputes cause idle periods while farmers cautiously buy, and raw material prices climb as production expands gradually. The European financial crisis, reparations tensions, and devalued currencies threaten exports, though Europe’s productive capacity remains strong and recovery efforts continue. National Bank of Commerce in New York.
MENTIONED IN THIS ARTICLE
United States
Germany
Reparations Commission
Europe
National Bank of Commerce
New York