retrenchment

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That is the lesson, they say, from past fiscal retrenchment.
他们称，这是从以往的财政紧缩中汲取的教训。
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As things stand, however, some kind of retrenchment seems possible, particularly since the foundations may be reluctant to allow the bank to raise more outside capital to expand its activities abroad.
然而，就目前情况看，可能会出现某种程度的紧缩，特别是由于基金会可能不大愿意让银行筹集更多的外部资本来扩张其海外业务。
The loss of competitiveness can be reversed (Ireland is doing it), but only at the cost of a long-term decline in wages and demand, which will require in turn even more fiscal retrenchment.
竞争缺失可以修复（爱尔兰正在这样做），但要付出工资和需求长期下跌的成本，这样一来势必需要做出更多财政紧缩。

"I think in the long run what this does is to contribute to what seems to be occurring right now and that is the retrenchment of the Republican Party, opting for purity of ideological beliefs rather than a broad-based appeal to the general public."

Saudi Arabia has been an exception to this pattern of retrenchment, for several reasons.
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Retrenchment by companies is a more likely culprit for the more recent drop in activity.
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This retrenchment was offset, and made possible, by a dramatic fiscal swing in the opposite direction.
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