Are we facing deflation now (2023/2024)?

I don't think we can count on inflation falling, but can we count on deflation? In my opinion no.

Unfortunately, more and more companies are closing down, which is another blow for consumers because not only will less goods and services be produced, but those that will be more monopolized.

I think that slowing down and returning inflation to 2-3% will be a great success, although I think that in the next 2 years it may be difficult.

Unless there is some news or currency reform. However, I wouldn't take it as a good scenario, rather a necessary evil. However, at the moment, it's not so bad to reach for such actions.

Personally, I am not a supporter of high interest rates because money still exists, it just changed hands from the "street" to the bank. When it comes to borrowers. If we analyze the deposits, this is a very short-term solution because the deposits end eventually, and people get benefits for freezing their money.

There are two effective ways of deflation that I know of: producing more goods and permanently disappearing money from the market (e.g. by removing fixed money from circulation, e.g. by a government that spends less capital than it receives)

Under the current government, it is not even possible to reduce inflation, not to mention the opposite phenomenon... -.-

Deflation and disinflation are different concepts. We may encounter with disinflation but not deflation.

Though I'm not an economist or financial specialist, I believe we have a (much) higher chance of seeing continuous inflation, rather than deflation coming years. The inflation in coming years will not be as high as it is in EU today, but I 'fear' we'll not be heading to deflation any time soon. I know in my country salaries are growing a lot to compensate for the heavy inflation we see these days. This in effect can continue to spiral. The goal of the EU is to have an inflation of around 2%. Deflation is something unwanted. Though we had years of deflation since the last financial crisis. Anyways central banks will always try and steer towards (some) inflation since this is how our economic system is built over the last, let's say, 75 years. Our system needs inflation to keep the economy going, ie to keep the money flowing. In the last decade, we've seen plenty of new money entering our economy because of central banks printing money. However, we didn't see inflation growing, we even had years of deflation. I believe we are now paying the price for this.

Deflation is a situation in which the overall price level is lower than in the previous period, and the prices of individual goods and services also fall. Deflation is the opposite of inflation, which means an increase in prices.

Forecasting prices in the future is difficult because it depends on many factors, such as monetary policy, economic situation and technological changes. Some forecasts suggest that global inflation may be low in the near future, but we cannot predict how fast it will fall or whether it will be caused by deflation.

It should be remembered that deflation is not always a negative phenomenon. In some cases, deflation can mean that products and services become cheaper for consumers, which is good for the economy. However, when deflation is too strong and lasts too long, it can lead to economic slowdown and unemployment.

To sum up, it is not known exactly what awaits us in terms of prices in the near future. As such, it is important to stay up to date with economic data and market analysis to better understand what developments can affect prices and what steps can be taken to deal with them.

If deflation comes, it will definitely not be this year... we have a lot of work ahead of us to deal with the existing crisis and inflation.

What awaits the world economy, no one can know. For the first time in history, a situation that people, because of the Russian aggressors, no longer objectively consider as the basis of an economic crisis of new times, which humanity has not seen before. Two years of shutting down enterprises in quarantine - the consequences of this will reverberate in people's lives for a long time, and thanks to Putin's wild act, the possibility of shortening this time has been reduced to the "impossible" position. The world is cracked and this wound bleeds

So

Very likely

Unfortunately, no, we will be getting up from our knees for a long time, the most important thing is that it does not affect society too much, which has already been hit in the ass

Z całą pewnością NIE

Not really, we'll wait for that

Poland lost PLN 212 billion due to pandemics in 2020 alone, and your income decreased by half, because the closed services and tourism companies during the pandemic caused less income tax to be paid and this was a loss of the state, expenses caused inflation, and gas and oil costs. We have to wait for Poland to recover,