contractingсуществительное Gerund functioning as a noun; refers to the act/process of contracting or the business of making contracts.
contractingприлагательное Attributive use meaning ‘relating to the business of contracts or construction’ (e.g. ‘a contracting firm’).
contractingгерундий или причастие настоящего времени Used as a present-participial adjective meaning becoming smaller or undergoing reduction.
The contracting market has affected many businesses.
Сужающийся рынок повлиял на многие компании.
The contracting economy has led to job losses.
Сокращающаяся экономика привела к потере рабочих мест.