Reflation

Over the next one year, many people will get acquainted with the word 'reflation'. (Meaning of 'reflation': Expansion in the output level of economy by government stimulus, using either fiscal policy or monetary policy or both.)

As the economic damage from covid-19 continues to rage at least till mid-2021 or end-of-2021, many governments would want to spend to prop up economies temporarily but these governments won't have much money to spend!

So, debates will increase on the topic of how much to spend and where to get that money to spend. In these public discussions and discourses, the word 'reflation' will be increasingly used.