Definition of contractionary in English:
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.
Definition of contractionary in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.