Definition of contractionary in English:

contractionary

Syllabification: con·trac·tion·ar·y
Pronunciation: /kənˈtrakSHəˌnerē
 
 
/

adjective

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
  • Elsewhere, Sumner points out that the Fed's policy of paying interest on reserves is contractionary.
  • Macfarlane sounded an alarm, warning that the global slump would have a "significant contractionary effect" on the Australian economy.
  • The report has even argued that the government should enhance capital expenditures "in order to counter-balance the contractionary effects of fiscal consolidation."

More definitions of contractionary

Definition of contractionary in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day semblance
Pronunciation: ˈsembləns
noun
the outward appearance or apparent form of something…