“But deflation can hurt economic growth, as consumers will delay purchasing products if they think they will be cheaper in future.”
Not if people are already mostly only buying what they need to survive.
You’re being downvoted but the amount of people I see in my work and personal life that barely make ends meet but are buying garbage on Amazon constantly is staggering. Prime days especially I was shaking my head at people bragging about the deals they got.
“But deflation can hurt economic growth, as consumers will delay purchasing products if they think they will be cheaper in future.”
Not if people are already mostly only buying what they need to survive.
Which is not the case for most people and certainly not the case for businesses and banks.
You’re being downvoted but the amount of people I see in my work and personal life that barely make ends meet but are buying garbage on Amazon constantly is staggering. Prime days especially I was shaking my head at people bragging about the deals they got.