Causing or relating to the contraction of a country’s economy: he imposed a contractionary fiscal policy in the form of a tax surcharge the contractionary effects of higher interest rates
More example sentences
- Government surpluses drain the private sector of net savings, a very contractionary policy!
- The IMF programs of stabilization based on fiscal austerity have also been too contractionary.
- The ILO attributes the jobs crisis to the social effects of contractionary economic policies.
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