austerityaus‧ter‧i‧ty /ɔːˈsterəti, ɒ- $ ɒː-/ noun (plural austerities) 
a time of great austerity after the war the austerities of post-communist Eastern Europe2[uncountable] when a government has a deliberate policy of trying to reduce the amount of money it spendsausterity programme/plan/package a tough new austerity programme IMF-backed austerity measures (=reductions in government spending)3[uncountable] the quality of being austere: a life of austerity
EXAMPLES FROM OTHER DICTIONARIES
- Russians have faced years of austerity after communism's fall.
- Although the Benedictine rule imposed specific obligations upon each individual, it was rarely severe to the point of austerity.
- I at once sensed the physical austerity and the quality of social and intellectual superiority characteristic of the best public schools.
- Low inflation, competitive pressure and a continued focus on fiscal austerity depress projected raises, Hewitt says.
- She renounced the role of tragic widow with an austerity that irritated her would-be saviours.
- The fifth plenum announced austerity measures to tackle the worsening economic situation and called for stronger party leadership and unity.
- The government could afford a slight relaxation of its austerity.
- Then, on top of the craziness and alleged corruption, populist Bucaram last month announced an economic austerity program.
- This has the effect of rounding the contours and losing some of the austerity of the unadorned triads.
WORD SETS
absolute advantage, active population, additionality, nounadjustable peg, nounannual earnings, anti-dumping, adjectiveanti-inflation, adjectiveausterity, nounbad debt, nounbalance of payments, nounbalance of trade, nounbalance sheet, nounbank money, bank rate, nounbankrupt, adjectivebankrupt, verbbankrupt, nounbarrier to trade, nounbilateralism, nounblack market, nounboom, nounbroad money, brown goods, nounbudget, nounCACM, capital accumulation, nouncapital formation, nouncapitalism, nouncapitalist, adjectivecapital surplus, cartel, nouncentral government borrowing requirement, CGBR, Chicago School, nounclosed economy, nouncommerce clause, commodity, nouncommodity product, comparative advantage, consumer, nounconsumer confidence, nounconsumer durables, nounconsumer goods, nounconsumer price index, nounconsumer surplus, consumption, nounconsumption function, nounCost of Production Theory of Value, nouncreditor turnover rate, nouncredit rationing, noundebt ratio, deflate, verbdemand, noundemand and supply, noundemand price, demonstration effect, deregulate, verbdeveloped, adjectivedirigisme, noundiscretionary spending, dishoarding, noundisinflation, noundisposable income, noundis-saving, noundisutility, noundiversify, verbdivision of labour, noundole queue, dollars-and-cents, adjectivedowntick, noundownturn, noundrawdown, nouneconomic, adjectiveeconomic goods, economic paradigm, economist, nouneconomy, nounefficient market, elasticity of demand, nounelasticity of substitution, nounembargo, verbemployment theory, euro-zone, exchange, nounExchange equalization account, exchange rate mechanism, nounexpectations, nounexpenditure, nounexternal account, external competitiveness, externality, nounfactor cost, factor of production, nounFederal funds, fiscal, adjectivefloor, nounflow of funds, nounforced saving, for-profit, adjectivefree enterprise, nounfree marketeer, nounfree movement, nounfree trade, nounGDP, nounGNP, nounGoldilocks economy, goods, noungoods and services, noungross domestic product, noungross national product, noungross product, nounguaranteed price, hyperinflation, nounIMF, the, IMF quota, imperfect competition, imperfect market, import, nounimport, verbimportation, nounimporter, nounincome effect, industrial output index, Industrial Sentiment index, inelastic, adjectiveinflate, verbinflation, nouninflationary, adjectiveintermediate goods, International Monetary Fund, nouninvestment goods, J-curve, nounknowledge economy, labour-intensive, adjectivelabour market, nounLaffer curve, nounlaissez-faire, nounliving standard, nounMaastricht Treaty, nounmacroeconomics, nounmarginal revenue, market-driven, adjectivemarket economy, nounmarket failure, market forces, nounmarket-led, adjectivemarket-oriented, adjectivemarket value, nounmixed economy, nounmonetarism, nounmonetary, adjectivemoney income, monopsony, nounmultilateralism, nounNAIRU, nounnational debt, nounnational income, nationalize, verbnational wealth, neocolonialism, nounnet output, NIC, nounnominal price, non-durable goods, open-market, adjectiveoutflow, nounoverheated, adjectivepass-along, nounpass-through, nounpeg, verbper-capita income, perfect competition, perfect market, personal saving, political economy, nounpost-industrial, adjectivePPI, price control, nounprice effect, price fixing, nounprice-fixing, nounprice index, nounprice-insensitive, adjectiveprice-sensitive, adjectiveprice support, nounprice theory, primary production, private enterprise, nounprivately-owned, adjectiveprivatization, nounprivatize, verbproducer price index, production control, protect, verbprotectionism, nounprotective, adjectivepublic enterprise, public ownership, nounpublic sector borrowing requirement, public service, nounPurchasing Managers' index, real, adjectivereal income, recession, nounreflation, nounrefund, nounRetail Price Index, scarcity value, nounshakeout, nounSingle European Market, slump, nounsocial accounting, socioeconomic, adjectivesqueeze, verbsqueeze, nounstagflation, nounstandard of living, nounstandard spending assessment, staple, nounstringent, adjectivesubsidy, nounsubstitution effect, surplus, nounsystematic risk, trade deficit, nountrade dispute, trade gap, nountrade surplus, nountrade-weighted index, trickle-down effect, nountrough, nountrust, noununder-investment, noununit of account, noununsystematic risk, uptick, nounvoodoo economics, noun
COLLOCATIONS FROM THE ENTRY a tough new austerity programme IMF-backed austerity measures (=reductions in government spending)COLLOCATIONS FROM THE CORPUSADJECTIVE
1[countable usually plural, uncountable] bad economic conditions in which people do not have much money to spend: a tough new austerity programme IMF-backed austerity measures (=reductions in government spending)· The Solidarity trade union staged a nationwide day of protests against government economic austerity policies on May 22.· Then, on top of the craziness and alleged corruption, populist Bucaram last month announced an economic austerity program.· With important municipal elections due in October, they were unwilling to be associated with his highly unpopular economic austerity policies.· A programme of strict economic austerity agreed with the International Monetary Fund is dead.· The scandal fuelled popular resentment at time of high unemployment and economic austerity.
NOUN· The austerity measures affected primarily spending on health, social welfare, defence and overseas development assistance.· Once she took office Ellie instituted stringent austerity measures.· But it remained to be seen whether the ambitious plan would withstand the impact of possible future austerity measures.· Various international bodies warned of the need to impose radical austerity measures without delay if adverse trends were to be reversed.· The report demonstrated that the 1980s austerity measures had disproportionately affected blue collar workers in comparison with white collar workers.· The austerity measures included a freeze on civil service appointments, pay and promotions.· A new economic commission was set up to monitor the success of the austerity measures.· Industrial action On June 6, 1990, there was a 24-hour nationwide strike to protest against the latest austerity measures.
· Then, a successful austerity package was introduced.
· The austerity plan was likely to involve the dismissal of thousands of government employees.
· The Solidarity trade union staged a nationwide day of protests against government economic austerity policies on May 22.· But a spiraling deficit and weakened franc forced him to adopt austerity policies in 1983.· It has also resorted to austerity policies which have affected prices, employment and real wages.· With important municipal elections due in October, they were unwilling to be associated with his highly unpopular economic austerity policies.
· In 1991 Soglo instituted an austerity program and privatized many state enterprises, a trend continued by Kerekou.· Then, on top of the craziness and alleged corruption, populist Bucaram last month announced an economic austerity program.· Apple Computer Inc. kicked off its austerity program yesterday.
· Falls in the price of oil had provoked the government four years previously to impose an austerity programme.· Ever since September 1988, Mr Li's government has been pressing an austerity programme to cool the economy.· The decision was reportedly taken in response to the government's current austerity programme.
a time of great austerity after the war the austerities of post-communist Eastern Europe2[uncountable] when a government has a deliberate policy of trying to reduce the amount of money it spendsausterity programme/plan/package a tough new austerity programme IMF-backed austerity measures (=reductions in government spending)3[uncountable] the quality of being austere: a life of austerity