"policy retrenchment" is a correct phrase in written English and can be used in both formal and informal contexts.
It refers to the action of reducing or cutting back on policies or strategies, especially in the context of government or business. Example: The company's recent financial struggles have forced them to implement a strict policy retrenchment, which included layoffs and budget cuts.
He rejected Tanuma's administration and instituted a policy of retrenchment in the spirit of Yoshimune's reforms half a century earlier.
While Trikoupis followed a policy of retrenchment within the established borders of the Greek state, having learned a valuable lesson about the vicissitudes of the Great Powers, his main opponents, the Nationalist Party led by Theodoros Deligiannis, sought to inflame the anti-Turkish feelings of the Greeks at every opportunity.
So it can do no more by way of fiscal policy; in fact, retrenchment is the order of the day.
What the world is getting — from the United States Congress and other governments — is the kind of policy blunders and retrenchment that unleashed the global depression almost 80 years ago.
The implementation of the INHS retrenchment policy has been very difficult though effective in a short period of time.
also submitted a letter on Wednesday stating that they believed AT&T's takeover of T-Mobile "would be a troubling backward step in federal public policy -- a retrenchment from nearly two decades of promoting competition and open markets to acceptance of a duopoly in the wireless marketplace".
Then the government's borrowing costs started rising after Berlusconi refused to implement retrenchment policies advocated by his finance minister.
"WE ARE all in this together", runs the line from Britain's ruling Conservatives seeking support for their policies of fiscal retrenchment.
Confidence is an elusive property, as Irish borrowing costs remain much higher than those of Italy and Spain, and policies of "fiscal retrenchment" have not produced a change in the fundamentals of the Irish economy after four years of budgetary purgatory and social misery.
