austerity

[ɒˈsterəti]

austerity Definition

difficult economic conditions created by government measures to reduce public expenditure.

Using austerity: Examples

Take a moment to familiarize yourself with how "austerity" can be used in various situations through the following examples!

  • Example

    The country's economy was hit hard by the austerity measures.

  • Example

    The government imposed austerity measures to reduce the budget deficit.

  • Example

    The company had to adopt austerity measures to stay afloat during the recession.

austerity Synonyms and Antonyms

Antonyms for austerity

Phrases with austerity

  • a period of economic difficulty characterized by reduced public spending and increased frugality among consumers

    Example

    Many people struggled to make ends meet during the age of austerity.

  • austerity measures

    government policies aimed at reducing public spending and increasing revenue

    Example

    The government announced a new round of austerity measures to tackle the budget deficit.

  • a set of policies designed to reduce public spending and increase revenue, often imposed by international financial institutions as a condition for loans or debt relief

    Example

    The country had to implement an austerity program in order to receive financial assistance from the IMF.

Origins of austerity

from Greek 'austeros', meaning 'severe'

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Summary: austerity in Brief

The term 'austerity' [ɒˈsterəti] refers to difficult economic conditions created by government measures to reduce public expenditure. It is characterized by frugality, thriftiness, and restraint, and is often accompanied by cutbacks and belt-tightening. Phrases like 'age of austerity,' 'austerity measures,' and 'austerity program' describe different aspects of this economic situation.