economic shock
Sudden financial disruption
An economic shock is a sudden, unexpected event that significantly disrupts an economy—a financial crisis, natural disaster, pandemic, or abrupt policy change.
Shocks can be positive or negative: The oil embargo delivered a severe economic shock to Western economies.
Economists distinguish supply shocks (affecting production) from demand shocks (affecting consumption).
The term emphasizes both the surprise and the systemic impact.
- recessionProlonged economic decline
- stock market crashRapid decline in share prices
- crashSudden violent impact
- financial crisisSevere economic system breakdown
- crisisDecisive dangerous moment
downturn · collapse · depression · inflation · unemployment · job losses · market · credit crunch · Wall Street · bailout · austerity · belt tightening · panic · bank run · bust · slump · freefall · turmoil
- economyGDP, money, inflation, inflation rate, GNP
- business cyclesboom, bust, contraction, expansion, peak
- shocksanaphylaxis, electroshock, aftershock
- Chilean historyPinochet, military junta, plebiscite, dictatorship, independence movement
- Demonetizationold notes, cash shortage, liquidity crisis, withdrawal limits, currency exchange
- Latin American Economicsimport substitution, debt crisis, hyperinflation, foreign debt, currency devaluation
economic shockeconomic stability
Sustained healthy financial conditions
market stability · steady state · business as usual · gradual change · steady growth
economic shockeconomic boom
Sustained period of growth
growth spurt · economic miracle · bull market · market rally · prosperity
economic, economics, economical, economically, economist, economists, economy, economies, economize