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deflation
In economic terms, this word describes a specific downward trend in price levels, which is the opposite of inflation. While inflation is common, deflation is often viewed with more alarm by policymakers because it can lead to a vicious cycle of reduced spending and economic stagnation.
When used to describe a person's emotional state, the term carries a strong connotation of suddenness and disappointment. It evokes the image of a balloon popping or losing air, representing a rapid transition from high confidence or ego to a state of humility or sadness.
Meanings
A general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in an economy.
The process of letting air or gas out of an object, such as a tire or a ball, to reduce its pressure.
A reduction in someone's confidence, pride, or sense of importance.
Examples
The government implemented new policies to combat the effects of deflation.
The slow deflation of the balloon happened over several days.