Lowflation refers to a persistently low level of inflation, particularly one that threatens a country’s economic prosperity.

“低通胀”指的是持续保持较低的通胀水平，低通胀往往会威胁到一个国家的经济繁荣。

Example:

If the current lowflation goes on for long time, it could ultimately throw Europe back into a debt crisis.

如果现在的低通胀长期持续下去，最终将可能让欧洲重新陷入债务危机。