The Specter of Deflation Rises Over Spain

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Economics - 2009

The Specter of Deflation Rises Over Spain

http://www.nytimes.com/2009/04/21/business/global/21deflate.html?_r=1&hp
Scanned by: Alvis Brigis about 1 year ago

Could this be a sign of things to come for other heavy-industrial nations? -- The nation’s jobless rate, already a painful 15.5 percent, could soon reach 20 percent, a troubling number for a major industrialized country. With the toxic combination of rising unemployment and falling prices, economists fear Spain may be in the early grips of deflation, a hallmark of both the Great Depression and Japan’s lost decade.

Type: News | Also: Government |

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The Specter of Deflation Rises Over Spain

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