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COMMENTARY

Why deflation is good news for Europe

Wednesday, March 18, 2015 - 05:50

IN today's global economy, there is no price as important as that of crude oil. More than 80 million barrels are produced (and consumed) daily, and a large part of that output is traded internationally. Thus, the sharp fall in the crude-oil price - from about US$110 last year to around US$60