The threat of Deflation
In the past inflation was the number one enemy of economists. Nowadays, you might find that the exact opposite is true, and that a fall in prices is now in the spotlight. Deflation has arisen as the main threat to the economy, and the European Central Bank (ECB) is under pressure to take decisive measures against it. Prices in the Eurozone have seen the first year-on-year decline in five years, according to Eurostat.
