Deflation and your career
13 September 2012
What does deflation actually mean? And what does it mean for accountants? This article offers some personal and professional advice.
Some financial commentators are predicting a re-run of the 1930s, when there was a worldwide economic depression with tight credit, business failures and high unemployment. It was a time of deflation, when prices fell. Between 1920 and 1935 the value of money in the UK increased by 70 per cent.
So how would economic deflation affect you and your career?...