(From Central News Agency (Taiwan))
Taipei, May 21 (CNA) Vice Finance Minister Chang Hsiu-lien said Wednesday that theoretically, the dwindling economic activities due to the spread of severe acute respiratory syndrome (SARS) will not lead to deflation.
According to Chang, deflation by definition signifies a downward trend of commodity prices for two consecutive years. While the spread of SARS has caused changes in consumer behavior as well as business methods, Chang said the shrinkage of economic activities is temporary and the economy will regain its vitality when SARS is brought under control.
Chang said that in terms of the adverse effects on …