Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 383)
383.
Which country, facing deflation with a sustained decrease in general price levels, has prompted concerns about its economic prospects and the need for robust policy responses?
Answer: Option
Explanation:
China, the world's second-largest economy, is experiencing deflation, marked by a decline in general price levels, raising concerns about its economic outlook and necessitating strong policy measures. In July 2023, China's consumer price index (CPI) fell by 0.3% year-on-year, marking its first decrease since February 2021. This was followed by a further decline in the CPI in August, to 0.5% year-on-year. The producer price index (PPI) also fell in July, by 0.8% year-on-year.
Discussion:
Be the first person to comment on this question !
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers