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Abstract

Farm output in Eastern Europe was nearly stagnant in 1988 and held down national income growth. Agricultural trade balances improved in most of the countries, as feed imports leveled off, livestock product exports rose, and domestic consumption declined. Unusually high rates of inflation were registered in the countries that are reforming their economies. The sharply increased prices of basic commodities, particularly food, led to considerable social unrest, which has had political consequences.

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