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Friday 12 December 2014

Croatia Is Experiencing Sustained Deflation



My job involves reading a lot of stuff about the state of the world's economies, and one thing I find curious is the metaphorical and humanising language economists use to describe abstract economic currents that are best charted emotionlessly with a line and a couple of axes (worst.plural.ever). The first few lines are taken directly from a report about Croatia I edited today.
 
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Growth in 2015 will be weak at best, and the economy could continue to stagnate. Import growth is subdued because of constraints on domestic consumption. Croatia is experiencing sustained deflation.


Croatia is experiencing sustained deflation.


Croatia


  is experiencing


       sustained


               deflation


How does that feel, I wonder?


An emotional response, like the inverse of elation?


Or something else – a physical sensation,


A shrinking, perhaps – a country punctured


Like a tyre with a splinter?


Or maybe it’s both – like a cock drooping,


A hairline receding, a back stooping


Under a harsh winter.