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Macedonia sinks in deflation
Macedonia - Economy
Thursday, 08 October 2009 08:57
mse1.jpgReport by the State Statistical Office.

The country is sinking in deflation. According to federal statistics, September living costs dropped by 1.4% compared to the same month last year.

On the short term, this is good news for the citizens because prices fall. However, in long term this is fatal for the economy.
Discounted prices are a result of reduced consumption and can cause social problems.

 

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