Phrases with «economic devastation»

The phrase "economic devastation" refers to a situation where there is severe and widespread damage to a country's or region's economy. It means that the economy has been greatly harmed, resulting in significant negative consequences such as high unemployment, a decline in business activity, financial crises, and a decrease in overall wealth and prosperity. Full definition

Sentences with «economic devastation»

  • Unlike past episodes in recent history, the crisis began in the world's most sophisticated financial systems, causing widespread economic devastation. (bankofcanada.ca)
  • Meanwhile, Hurricane Harvey brought human tragedy and billions of dollars worth of economic devastation to eastern Texas. (thewealthadvisor.com)
  • Presumably you're also referring to responsibly spending 75bn on a nuclear weapons system which, if ever used, would rather irresponsibly massacre thousands and create ecological, not to mention economic devastation on a massive scale. (nextleft.org)
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