belt-tightening UK US (also belt tightening) noun [U] FINANCE
a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems: »

Many independent shops are failing to make a profit during this period of consumer belt-tightening.


The car manufacturer announced plans for belt-tightening that would result in 30% of workers losing their jobs.

Compare TIGHTEN YOUR BELT(Cf. ↑tighten your belt)
belt-tightening UK US (also belt tightening) adjective [before noun]
involving a reduction in spending: »

The government has recommended a series of belt-tightening reforms.


Over the past twenty years, Germany and Italy have taken belt-tightening measures that have helped improve their economies.

Financial and business terms. 2012.