Hledat
Austerity
01
ústupnost
the trait of great self-denial (especially refraining from worldly pleasures)
02
opatrnost
strict economic measures implemented by a government to reduce public expenditure and budget deficits
Example
The government implemented austerity measures to tackle the mounting national debt.
During the financial crisis, many European countries adopted austerity policies to stabilize their economies.
Austerity led to widespread protests as citizens faced higher taxes and reduced access to essential services.
Blízká Slova
