Not exact matches
Already in Brazil, the region's
biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of
austerity, including cuts in unemployment and welfare benefits, to tame a record
budget deficit widened by the
biggest economic slowdown in 25 years.
Countries experiencing the
biggest reductions in expected growth include Brazil and India, whose economies have cooled this year; newly industrialized Asian economies, like Korea and Singapore, hit by a broader global slowdown; and Britain, struck by
austerity budgeting.
Some small European states such as Latvia, Estonia and Ireland did manage to re-start their economic growth while imposing
austerity budgets — but only by ratcheting down their wages and prices, via a
big dose of unemployment, until their much - reduced costs sparked an export revival.
Spain says deficit
bigger than expected, hikes taxes reut.rs / vF8gLj Spain goes for
austerity amid large
budget deficits.
austerity,
Big Brother,
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