Whenever gas prices get too high, it can
cause an economic shock for hundreds of millions of people.
Challenged about the view of experts, including the International Monetary Fund, the Confederation of British Industry, the Bank of England and Barack Obama, that leaving the EU would
cause an economic shock, Gove cited the former chancellors Nigel Lawson and Norman Lamont, the former British Chambers of Commerce chief John Longworth and the Next boss Simon Wolfson as saying the opposite.
At the weekend, Duncan Smith compared Osborne to «Pinocchio» over his claim that a vote to leave the EU would
cause an economic shock to UK house prices.
Will an exit
cause economic shock?
Not exact matches
Plunging oil prices were a major market and
economic shock in 2015 and early 2016,
causing broad market volatility while adding to the pain in emerging market (EM) and high yield assets.
On the other hand, were an
economic shock to
cause a faster - than - anticipated rise in global policy rates, these positions could be reversed very sharply,
causing dislocation in financial markets.
Liberal Democrat leader Sir Vince Cable responded and said «I struggle to see the opportunities of Brexit», he said that the hard left «see Brexit as an opportunity» as «they believe Brexit will
cause an major
economic shock, it will then potential open the way to the extreme politics that they promote.»
I have spent the last fifteen years immersed in research about societies undergoing extreme
shocks —
caused by
economic meltdowns, natural disasters, terrorist attacks, and wars.
The risk that climate stresses will
cause profound impacts on ecosystems and society — including the possibility of species extinction or severe adverse socio -
economic shocks — highlights limits to adaptation.
This is shown in economics by the potential for small initial
shocks — a few hundred billions in toxic debt for instance — to
cause a global
economic meltdown as a result of collective emergent behaviour.
Since Australia exports a lot of embodied carbon, the tax on final consumption would raise a lot less revenue, and
cause a much smaller
economic shock.
Headlines like: «How Europe is preparing for a debt disaster,» «The coming
economic crash,» and «U.S. and U.K. on brink of debt disaster,» have
caused financial
shock waves felt around the world.
«[The chain] could suffer from any major
economic shocks,
causing lower sales and credit card defaults.»
People can't agree on what
causes stagflation but the two main theories are a supply
shock (usually oil) or poorly made
economic policy.