Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

In: Russian Foundation for Basic Research Journal. Humanities and social sciences, S. 48-62

Abstract

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.