According to official reports of the Soviet State Planning Commission (Gosplan), Russia's industrial output under the five-year plan had failed to reach its yearly goal in 1946 but had surpassed it in 1947. A shortage of labor continued to be the main economic drawback. A severe food shortage, resulting from drought and crop failures in 1946, was relieved by an excellent harvest in 1947.
A drastic currency devaluation, at the rate of ten to one, brought renewed hardships to most people, but served to further strengthen the Soviet economy.
