RandAlThor@lemmy.ca to World News@lemmy.ml · 1 year agoChinese economy expected to have slipped into deflation as recovery falterswww.theguardian.comexternal-linkmessage-square17fedilinkarrow-up10arrow-down11
arrow-up1-1arrow-down1external-linkChinese economy expected to have slipped into deflation as recovery falterswww.theguardian.comRandAlThor@lemmy.ca to World News@lemmy.ml · 1 year agomessage-square17fedilink
minus-squareuphillbothways@kbin.sociallinkfedilinkarrow-up0·1 year ago“But deflation can hurt economic growth, as consumers will delay purchasing products if they think they will be cheaper in future.” Not if people are already mostly only buying what they need to survive.
minus-squarefreagle@lemmygrad.mllinkfedilinkarrow-up0arrow-down1·1 year agoLOL. “I think I’ll starve because I bet I can save 3.5% on food prices in a month”
“But deflation can hurt economic growth, as consumers will delay purchasing products if they think they will be cheaper in future.”
Not if people are already mostly only buying what they need to survive.
LOL. “I think I’ll starve because I bet I can save 3.5% on food prices in a month”