economic ramifications

Language: en

📖 Definitions

  1. The consequences, effects, or results of an event, policy, or action that impact the economy or financial systems.; Secondary or indirect financial impacts that ripple through various sectors of society following a primary economic shift.

💬 Examples

  1. The government failed to anticipate the long-term economic ramifications of the sudden tariff changes.

  2. Local businesses are struggling with the unexpected economic ramifications for locals caused by the factory closure.