| That kind of deflationary spiral is what worries economists and corporate executives. |
| After almost 15 years in the economic doghouse, Japan shows real signs of emerging from its long deflationary slump. |
| All of this can exacerbate an economic downturn and, in turn, generate greater deflationary pressures. |
| Money supply would have then expanded, and deflationary forces would have been thwarted. |
| Washington clung doggedly to the gold standard despite the disastrously deflationary effect of this policy. |
| The overall effect is a rise in unemployment and intensifying deflationary pressures. |
