indirect shocks

Language: en

📖 Definitions

  1. Secondary or ripple effects of a crisis, conflict, or economic event that impact an entity not directly involved in the original incident, often through supply chains, market sentiment, or diplomatic spillover.; Unintended negative consequences or disruptions experienced as a result of external events, rather than direct exposure to the primary cause.

💬 Examples

  1. The closure of diplomatic channels aims to shield Peru's economy from indirect shocks caused by foreign conflicts.

  2. Small businesses suffered indirect shocks when global shipping delays increased costs for imported raw materials.