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
Synonyms for austerity
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'
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.
