Definition of «negative economic impact»

The phrase "negative economic impact" refers to an adverse or unfavorable effect on a country's, region's, or businesses' economy. This can be due to various reasons such as recession, inflation, high unemployment rates, decrease in consumer spending, natural disasters, political instability, and other economic factors that lead to reduced growth, loss of income, increased debt, and decreased standard of living for individuals and businesses. The negative impact can be measured by a decline in GDP (Gross Domestic Product), decrease in consumer confidence, reduction in investments, and an overall slowdown in the economy.

Sentences with «negative economic impact»

A later amendment to the law, however, noted that the agency can weigh potential negative economic impact of habitat designation in deciding whether to create a new habitat area. (scientificamerican.com)
While these efforts are essential to balancing the federal budget, they will likely have a major negative economic impact. (learnbonds.com)
Ultimately frequent and accurate information about diseases outbreaks improves horse welfare and helps to prevent negative economic impact that can result from decreased horse use due to a fear of spreading infection. (equimanagement.com)
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