recovered quickly Franco Spanish miracle Central and Eastern European Soviet Union Council for Mutual Economic Assistance Second World War decline Eastern Spain West Italy East France Germany Central and Eastern Europe
After the Second World War the economy of the UK was in a state of ruin, and continued to suffer relative economic decline in the following decades. Italy was also in a poor economic condition but regained a high level of growth by the 1950s. West Germany recovered quickly and had doubled production from pre-war levels by the 1950s. France also staged a remarkable comeback enjoying rapid growth and modernisation; later on Spain, under the leadership of Franco, also recovered and the nation recorded huge unprecedented economic growth beginning in the 1960s in what is called the Spanish miracle. The majority of Central and Eastern European states came under the control of the Soviet Union and thus were members of the Council for Mutual Economic Assistance (COMECON).
