New Zealand, the same. In fact the NZ economy is in deflation. Those big rate hikes recently will have to be unwound.
But not to worry, economic analysts have announced the the nett effect on the US economy will be growth and not a dampener on inflation.
Ironic really when a drop in oil pricing isn't good news for everyone (bad news). What is needed is an oil price escalation (good news)!
!!
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