Europe affronts 'bad and ugly' deflation while U.S. gains from a 'positive' one

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Source: Bloomberg
Deflation can entail positive and negative effects for a country. Economists expect Europe to face 'bad' deflation, as the bloc's growth is feeble, unemployment is significantly elevated and debt levels are increased. At the same time, the U.S. is expected to experience a positive impact of deflation, as the energy costs coming down push the economy forward.
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