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Under pressure , ireland has also imposed fiscal retrenchment .

在压力下，爱尔兰也实施了财政紧缩。

Which came first - private retrenchment or fiscal deficits ?

哪一种情况出现在前是私人部门紧缩还是财政赤字？

The us consumer is in the early stages of an unprecedented retrenchment .

美国消费者已经步入一个空前紧缩开支阶段的初期。

Labour says that the economy is too fragile to start fiscal retrenchment this year .

新工党认为今年经济太脆弱不适合采用紧缩的财政政策。

They may hope that retrenchment now will spur on private spending .

他们或许希望，现在实施紧缩政策能刺激私人部门增加支出。