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

"Some people want it to happen, some wish it would happen, others make it happen."
Michael Jordan
Clicky Web Analytics