The phrase "a sharp retrenchment" is correct and usable in written English.
It can be used to describe a significant reduction or cutback in spending, resources, or activities, often in a financial or organizational context.
Example: "The company announced a sharp retrenchment in its budget for the upcoming fiscal year, leading to layoffs and project cancellations."
Alternatives: "a significant cutback" or "a drastic reduction".
With other sectors, like business investment, slowing, a sharp retrenchment by consumers could tip the economy into recession.
Last November, foreseeing intensifying losses, the airline announced a sharp retrenchment, killing plans for 10 new airplanes each year and modestly cutting capacity on existing service.
Ken Howard, president of the screen actors group, described the result, in which 93 percent of those voting favored the accord, as "a huge boon for members" at a time when the film and television industries are experiencing a sharp retrenchment.
So just as we have seen in mortgage markets, the bubble in private equity, as my sources characterize it, and the overabundance of liquidity more generally raise the risk of a sharp retrenchment in credit and higher risk spreads with associated risks to economic growth and, conceivably, even financial stability.
Another is whether the economy will be able to deal with such a sharp fiscal retrenchment.
Another sharp retrenchment by investors, consumers and businesses could threaten the current global recovery by choking off financing and new orders for companies.
Those sharp retrenchments are based on global oil prices of $65 a barrel, $7 higher more than the going rate Wednesday.
Booms in lending and property prices were followed by sharp retrenchments and bank failures.
In a post on his blog, Tan Chuan-Jin, the acting minister for manpower, said: "To shrink our foreign workforce altogether will also be quite dire as many of our companies may close, relocate and with that a sharp rise in retrenchments and possibly higher unemployment amongst Singaporeans".
This has entailed not only a drastic compression of imports and a sharp devaluation of national currencies but also the retrenchment of a sizable portion of the wage- and salary-earning population.
The EU business investment climate remains grim because of the credit crunch, the banks' reluctance to lend and because of the traditional national retrenchment in times of crisis, with the European Central Bank registering a sharp decline in cross-border investment in the Eurozone.
