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Deflation expected to lift growth in US but plunge Europe into crisis

Weaker growth, higher joblessness, more intractable bad debts make continent more susceptible to bad deflation


WHEN it comes to deflation there's the good - and there's the bad and ugly.

Europe faces the risk of the latter as it teeters on the edge of a recession that could trigger a debilitating dive in prices and wages. The US, meanwhile, may end up with the more benign version