Economics
Dangerous Disinflationary Shock Slams Reeling World Economy
- Global consumer prices may briefly fall into deflation zone
- Central banks might keep rates at rock-bottom levels for years
A pedestrian walks along Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades.
With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling.