The rapid pace of innovation that has fostered shortened product life cycles also has contributed to driving down prices of high-tech equipment. Few business people report any significant perceived diminution of the backlog of these as yet unexploited profitable synergies.
Why would the euro zone be different than other major developed economies of the world? 2  BIS Review 34/2009  Mr. Trichet: All the international institutions that are looking at the situation say there is no substantiation of a significant deflationary risk in the euro area at the moment. That being said, we have to be alert and look at the risks permanently.