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Greece enters deflation for first time in 45 years

 
Greek consumer prices fell year-on-year in March, taking the battered economy into deflationary territory for the first time since 1968.

While deflation will come as good news for exporters and squeezed consumers, a sustained bout of falling prices will drive up the Greek debt burden, and could force its lenders to accept more losses.

Read the complete article at The Telegraph here.

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