Adjective
contractionary (comparative more contractionary, superlative most contractionary)
Tending to cause contraction.
Although Milton Friedman believed that wealth effects make deficit spending contractionary, Blinder and Solow believed that in reality fiscal stimulus is effective. Source: Internet
The Architecture Billings Index (ABI), which is released monthly by the American Institute of Architects and tracks billings growth, closed 2019 on a positive note after having spent most of the year in sideways or contractionary territory. Source: Internet
In fact, if it ran a deficit of 10% last year and 5% this year, this would actually be contractionary. Source: Internet
Nothing improved when the government then tried to go into reverse with contractionary macroeconomic policies and renewed depreciation. Source: Internet
But the monetary authority - the central bank - has been following contractionary monetary policy, like restricting banks from offering credit to the private sector by introducing high interest rates and liquidity reserves. Source: Internet
Following the sharp decline in February – which exceeded that of the global financial crisis – the global manufacturing Purchasing Managers’ Index (PMI) rose slightly in March but remained in contractionary territory. Source: Internet