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Deflation Coming to Europe?
Eurozone consumers expect prices to continue to slide over the next few months, raising concerns about a deflationary spiral in the European bloc, the Financial Times reported.
According to a July survey conducted by the European Commission (EC), expectations that prices will fall reached their highest level since the commission began tracking comparable data in 1985.
The same survey also showed that excess manufacturing capacity is at its highest point since at least 1990 – another indication that the 16-nation Eurozone region is flirting with a prolonged period of deflation where consumers are reluctant to spend and retailers…
3Aug2009 | Money Morning | 0 comments | Continued
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