Sentences with phrase «economic catastrophe»

The phrase "economic catastrophe" refers to a situation where there is a severe and disastrous impact on the economy of a country or region. It means that there are major problems like widespread unemployment, companies shutting down, a sharp decline in production, and a significant drop in people's incomes. Essentially, it describes a state of extreme economic crisis and distress. Full definition
Men everywhere are trying desperately to save the world from another war, from economic catastrophe, from one form or another of social disease that threatens the death of civilization.
Over fierce opposition and predictions of economic catastrophe by the economists and chemical corporations, treaties were signed to phase out the use of CFC's.
There is still a huge amount of unapologetic collective responsibility for Blair's Iraq and Brown's economic catastrophe on the Labour front bench.
While those actions were necessary to prevent an even bigger economic catastrophe, we still have not addressed the No. 1 cause of both the crisis and the subpar recovery we are in: a stubborn refusal to deal head - on with past - due and underwater mortgages.
Without an international economic catastrophe, a major war or game - changing disaster America's economy will lose its power.
Just a thought, but is it possible that perhaps our current economic catastrophe isn't really the Democrats» fault?
Furthermore, the alternative (of letting Greece default and the Euro disintegrate) is untenable — it would not only mean economic catastrophe but would represent a political failure of the EU on such a scale that it might possibly herald its demise.
Given the strong push for devolution of authority back to states in the post-NCLB era — and assuming that no new economic catastrophe hands the U.S. Department of Education more billions to spend at will — it's hard to imagine more federal programs with such sweeping scope in the foreseeable future.
The government's actions to avoid financial collapse last fall — as distasteful and unfair as some undoubtedly were — were unfortunately necessary to prevent a global economic catastrophe that could have rivaled the Great Depression in length and severity, with profound consequences for our economy and society.
The Organization for Economic Co-operation and Development has come out with a strong warning that humans must eliminate fossil fuel emissions by the second half of this century to avoid economic catastrophe.
Ultimately, this is a referendum not just on the ongoing chronic economic catastrophe that has been the Greek reality for the past 5 years, but a referendum on Europe as a cultural and historical institution and Europe as a political entity, the EU, and Greece's place within both.
Famous chronicler of economic catastrophe warns that «headline» risks are overstated while the Fed remains the biggest black swan of them all.
A: There's no radical, short - term, under - a-decade way to make that shift without total economic catastrophe.
We experienced the worst economic catastrophe since The Great Depression, and Coca - Cola's profits only declined $ 0.04 per share.
In reference to its efforts to grapple with economic catastrophe, he contended that the EU is «learning by doing», with most European governments pursuing «inappropriate methods» for damage control.
David Cameron is rewriting much of his 2012 strategy after Europe's economic catastrophe robbed him of his «turnaround year».
Washington (CNN)- Vice President Joe Biden held another round of high - stakes budget talks with top congressional negotiators Tuesday - one day after House Republicans demanded trillions of dollars in new spending cuts as their price for agreeing to raise the federal debt ceiling and avoid a potential economic catastrophe.
She argued that having failed to stop the GCF funding, Republicans who once decried the deal as an approaching economic catastrophe now seem bent on minimizing its importance.
Ghana's economy at the time was said to be growing at 8 %, although I'm sure it's less now, given the worldwide economic catastrophe.
They were victims of a once - in - a-lifetime economic catastrophe that was largely beyond their control.
I am equally concerned by those who allege that we will incur economic catastrophes if we take steps to slow climate change.
When Congress passed the Budget Control Act of 2011 in the midst of the debt - ceiling crisis and crushing gridlock, it was a small compromise, delaying economic catastrophe by kicking the can down the road and stopping the bleeding.
Our in - house counsel clients were already tearing their hair out regarding increases in rates without equivalent increase in value — and that was before the recent economic catastrophes.
It is only six years since he moved into number 10 and began the enormous task of saving Britain from economic catastrophe.
Once a pattern is set, the legislature will continue to fund, absent some big economic catastrophe, or other political hurdle.
«Absent an international economic catastrophe or a major war or another game - changing disaster, the money will not soon be coming back to America.»
Penguin and any company willing to re-victimize the victims of the current economic catastrophe should suffer the same fate as my local hardware store.
In another related piece of irony, Watts criticizes his opponents for using «scare tactics» and then claiming that if they get their way, it will mean economic catastrophe.
At that rate, it appears the Fed's bond - buying campaign will wrap - up sometime this fall — unless we're confronted with some new economic catastrophe.
The front page of the NYTimes tells the family of humanity that we are on the verge of a global economic catastrophe.
Ultimately, this is a referendum not just on the ongoing chronic economic catastrophe that has been the... [more]
I'm not predicting an economic catastrophe in Canada.
And so you might see recessions more often, but they won't be economic catastrophes.
And like all Communist experiments, this one nearly ended in economic catastrophe.
To guard against the economic catastrophe of a failed coffee crop, many growers now mix in other cash crops such as yucca and tomatoes, alongside their coffee plants or experiment with growing hybrid coffee plants that are better adapted to climate extremes or are better able to resist pests.
Boris Johnson has again attacked the government's handling of the disputed third runway at Heathrow, claiming the UK is on track for «economic catastrophe» as a result.
The Gordon of last autumn, during Brown Bounce II when he was busy saving the world from economic catastrophe, might conceivably have persuaded Nick Clegg and Co it was in their electoral interests to hitch themselves to Labour's wagon.
Leaving the single market would be an economic catastrophe for Britain.
Above all, let us ensure that the economic catastrophe which befell this country will never be repeated.»
Johnson has used his political standing to escalate his row with the government over its aviation strategy, warning that further inaction could lead to «economic catastrophe».
The new government must grip this deficit and prevent the economic catastrophe that would result from putting off the difficult, and the urgent action that needs to be taken.»
And he says Labour should not be «bullied» into «meekly acquiescing with a political and economic catastrophe».
It did not take long for Britain Stronger In to turn the tables on Vote Leave, accusing the campaign of its own «Project Fear» — a complaint regularly made about the Remain side's warnings of economic catastrophe should Britain leave the EU.
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