The phrase "likely effects" refers to the potential outcomes or consequences that are expected or probable to happen in a given situation or scenario. Full definition
It seems likely this effect will be a lot weaker under AV. (politics.co.uk)
Aside from higher prices, the next biggest likely effect of the rule change is that more people may have access to return - of - premium policies than did in the past. (bankrate.com)
The hopes are high that the cryptocurrency market will help to change that of the world banking system as a digital space that can likely effect financial markets across industries. (coinstocks.com)