When l grew up l can remember some twenty something years down the online, the economy was so good that nothing like inflation happened and the cost of living was very low for every walks of life to afford. What do you think about that?
Do you think that the world economy can survive without any inflation?
- Thread starter Stardom22
- Start date
Inflation can't be zero percent in any place in the world. The macroeconomic goal is always to keep inflation at the lowest possible level.
That is impossible, the world economy is free from inflation, in the United States which is said to be the country as the center of the world economy, inflation also occurs, let alone for us who live in developing countries.
I have realised that the rates of inflation often rises in the developing countries more oftenly than in any other place for sure.
An inflation rate of about 3% is not bad. No inflation at all is not possible. Some countries have it very low as 3% to 5%.
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Yeah right it is always good to have a kind of balance to help balance things out naturally. inflation should be low and not totally flat out
