Growth is slowing in emerging markets. Established economies can't getinto gear. Oil's down, again.
Prices the world over are falling. The global level of low inflation we're seeing is bad, but not half as bad as the word being used to describe it: 'lowflation'.
The term lowflation has gained traction due to "a shifting mindset in financial markets, as investors come to expect perseverant low or falling prices", said Quartz.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"When widespread, enduring price declines are seen to be the norm, it can spark a vicious cycle of falling profits, investments, jobs and income, which in turn further depress economic activity."
"The difference between that and deflation' is just a matter of degree."
-
What is the average salary by age – and how do you compare?Are you making more than your peers? We look at the average salary by age to see how much the typical Brit earns at different stages of their life
-
Tesco braces for supermarket price war with rival AsdaTesco, Britain’s biggest grocer, has opted to cut its prices more quickly to prevent Asda grabbing market share
