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

"Continuous effort, not strength or intelligence, is the key to unlocking our potential."
Liane Cordes
Clicky Web Analytics