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era of austerity
B2

a period characterized by economic policies aimed at reducing government deficits through spending cuts, tax increases, or a combination of both.

Meanings

a period characterized by economic policies aimed at reducing government deficits through spending cuts, tax increases, or a combination of both.

The country entered an era of austerity following the financial crisis, implementing severe budget cuts.

Synonyms

period of economic restrainttime of fiscal conservatism

Antonyms

era of prosperitytime of abundance

a time when individuals or organizations are forced to reduce their spending due to economic constraints.

During the era of austerity, families had to cut back on non-essential expenses.

Synonyms

period of frugalitytime of financial restraint

Antonyms

era of extravagancetime of lavishness

Examples

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Last updated: 2025/01/11 11:58