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deflation

noun [U] (MAKING SMALLER)
 
 
/dɪˈfleɪ.ʃən/

Definition

the situation in which something becomes smaller or weaker, or something or someone becomes less confident than before: a feeling of deflation after the partyBecoming and making smaller or lessBecoming and making less strong
(Definition of deflation noun (MAKING SMALLER) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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