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

"There are two kinds of failures: those who thought and never did, and those who did and never thought."
Laurence Peter
Clicky Web Analytics