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retrenchments
noun
Plural of retrenchment
synonyms
Exact(43)
In short, the sequester will be little different from previous retrenchments after wars have ended.Neither is right.
Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm.
In a paper written with Alberto Alesina in 1995, I myself have contributed to the notion that fiscal retrenchments can boost output, particularly if implemented by cutting government spending rather than by increasing taxes; and these results have been confirmed, with 15 more years of data, in a recent paper by Alesina and Ardagna.
These and other retrenchments reflect a growing liquidity crisis.
In fact consumers and, especially, investors would be more willing to spend if expectations drastically shift as a result of a credible and sustained changes in the fiscal stance.Robert Perotti put it this way:The honest answer to the question of whether fiscal retrenchments will boost growth is that we have no idea.
Zero-sum thinking can take over, leading to mercantilist and protectionist policies.But while the crisis was not without its minor trade retrenchments, protectionism was, for the most part, the dog that didn't bark Trade has not been devastated by the raft of protectionist actions taken during the downturn.
Similar(15)
The most significant retrenchment programs on a per capita basis have been those of Greece.
This shows how adaptable public services have been so far, and, the fact that, in historic terms, that when retrenchment began they were relatively fully funded.
These winds are whipped up, though, not by any want of retrenchment but by an unbending adhesion to the austerity dogma.
Figures published today show the coalition plans that 80% of the retrenchment in the final years will come from continued spending cuts and only a fifth from tax rises.
The various Republican presidential candidates who have moved from Iowa to my home state of New Hampshire for this week's primary have collectively argued for European-style retrenchment – which simply hasn't worked.
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