In many of these economies, while economic conditions are likely to improve, it is expected that it will take a long time for inflation rates to return to desirable levels given the significant impact of the negative demand shock to these economies. Against this background, the media seem to be citing the word "deflation" more frequently than before.
"Deflation" is a common word but its meaning varies depending on the speaker. For instance, some use this word to mean a decline in consumer prices, whereas others use it to mean a decline in asset prices and in economic activity.