China’s deflation to sprial further | World Business Watch | WION News
Signs of a downward spiral of deflation in China’s economy is emerging. This casts doubt on the future of the world’s second-largest economy and prompts demands for swift intervention. While wages are falling, data released on Monday showed that consumer price increase was almost nonexistent through much of the economy, with the exception of food prices. Bloomberg economics and experts at BNP Paribas predict that the gross domestic product deflator, a more comprehensive indicator of economic prices, would likely continue its current five-quarter decline until 2025. That would be the longest period of deflation in china since data tracking started in 1993. It’s a cycle the world has seen before in japan, starting in the 1990s during a period that came to be known as its "Lost decades."
#china #economy #japan
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Join our WhatsApp Channel: https://bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Follow us on Google News for the latest updates
Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps
