ABOUT THIS PAGE
What is Austerity
Austerity is the deliberate deflation of domestic wages and prices through cuts to public spending and is designed to reduce a state’s debts and deficits, increase its economic competitiveness, and restore people’s willingness to invest and produce.
This page is dedicated to Economics Independent Learning Project on Austerity Measure in Europe.
By Pan Ruoxi, Dai Tianxing, Derrick Fung from 15S7D, HCI.