The phrase "economic woes" means difficulties or problems related to money, jobs, trade, or the overall financial well-being of a country or region. Full definition
The current economic woes seem to be causing some clients to demand alternatives to the billable hour. (slaw.ca)
However, with ongoing economic woes, having cash today («just in case») can feel more important than saving for retirement 20, 30, 40 years from now. (newyorklife.com)
Real GDP growth for the country will be 0 % which says it all for French hopes for a quick rebound from economic woes. (canadianbusiness.com)