Economists worry that deflation will bring the country into recession.
Recent Examples on the WebDefiance in the face of deflation can fuel such things.San Diego Union-Tribune, 13 Aug. 2022 Following an economic boom after World War II, Japan has been stuck in stagnation and deflation since the 1990s.CNN, 18 Aug. 2022 But last month, Wingstop president and CEO Michael Skipworth said the company would start to see deflation in prices for bone-in chicken wings. Rob Wile, NBC News, 17 Aug. 2022 The lack of circulation is self-reinforcing: reducing the circulating supply accelerates deflation. Steve H. Hanke, National Review, 2 Aug. 2022 Despite gasoline prices falling by 7.7%, this deflation was offset by inflation in food and shelter, resulting in no change in the overall CPI of urban consumers through July. Hank Sanders, ABC News, 10 Aug. 2022 But before that, some only saw the delusion, not the deflation. Daniel D'addario, Variety, 4 Aug. 2022 Dollars are more susceptible to damage from inflation and deflation, and this damage can also be very severe.The Salt Lake Tribune, 27 June 2022 When inflation goes to zero, or turns negative—or deflation—that is generally the sign of a very unhealthy economy. Kira Bindrim, Quartz, 31 May 2022 See More