Terms Beginning With 'd'

Deflation

  • January 11, 2020
  • Team Kalkine

When there is a decline in the general price level of products and services in an economy, it is referred to as deflation. It is generally associated with a contraction in credit and money supply in an economy. Deflation is observed when a country’s inflation rate dips below zero per cent and has a negative inflation rate. Countries, including Aruba, Togo, Saudi Arabia and Brunei Darussalam faced deflation in 2017.

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