Definition of «severe austerity»

"Severe austerity" refers to a situation where there are strict measures taken to reduce government spending and control budget deficits. It typically involves cutting back on public services, reducing social benefits, and increasing taxes to stabilize the economy.

Sentences with «severe austerity»

«How can you create jobs under severe austerity under fiscal consolidation? (ghanapoliticsonline.com)
Athens was forced to adopt severe austerity measures that plunged the country into a deep recession. (canadianbusiness.com)
Mr Baron argued that saving the euro could make the recession worse, as it forces countries to adopt severe austerity packages instead of considering the alternative of revaluing their currency. (politics.co.uk)
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