| 单词 | deflation |
| 释义 | deflation deflation // noun [U]
ASSET DEFLATION
1 (Economics ) a reduction in the amount of money in a country's economy so that prices fall or remain the same: The government is introducing measures to combat deflation. Companies are still laying off employees as deflation continues to reduce their revenue. ⇨ DISINFLATION, INFLATION, REFLATE
2 a situation in which prices continuously become lower: the deflation of raw materials prices The retailer experienced price deflation of 2% last year.
deflationary /; AmE / adjective: deflationary policies the deflationary pressures on the economy The excess supply has led to a deflationary shock in the markets. The economy is trapped in a deflationary spiral (= a situation of continuous deflation). |
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