Navigation

Austerity

Austerity refers to the government’s reduction of spending in order to lower their deficit. Austerity measures, which usually involve wage cuts and tax hikes, are implemented by the government to ensure their creditors that they will be able to pay back their loans.

Back to Forexpedia Main Page

"When you go in search of honey you must expect to be stung by bees."
Kenneth Kaunda
Clicky Web Analytics