Macroeconomic Indicators

noun a reduction in the general level of prices in an economy

• The deflation in the housing market is causing concern among economists.
• I heard there's deflation in the prices of electronics.
• I'm trying to score some deals during this deflation period.
• Her deflation after losing the competition was evident in her body language.

noun a sum of money that a government owes to others

• The government is working on a plan to reduce the national debt.
• Our country's national debt is getting out of hand.
• We're drowning in national debt.
• The national debt is like a weight dragging down our economy.