Source: Ministry of Internal Affairs and Communications. 9  Chart 10  II. Price Developments  Developments in Prices Prior to and After the Tax Hike 12  y/y % chg.  10  2019/Q1  8  Q2  Q3  October  6 4 2 0 -2 -4 -6  Durable goods assisting housework (refrigerators, vacuum cleaners, etc.)
It is a pleasure to have you here. The financial crisis and the euro-area sovereign debt crisis have certainly tainted the notion of debt. Listening to some of the discussions on the economic effects of debt, one could get the impression that debt is shorthand for “destroying economies big time”. And certainly, the notion that debt can be dangerous cannot be dismissed.