economic shock

Events that impact the economy which originate from outside it. They are unexpected and unpredictable ( e.g., Hurricane Andrew in 1991, the rise in oil prices by OPEC). Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • Economic Shock — An event that produces a significant change within an economy, despite occurring outside of it. Economic shocks are unpredictable and typically impact supply or demand throughout the markets. An economic shock may come in a variety of forms. A… …   Investment dictionary

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • shock therapy — 1) N UNCOUNT You can refer to the use of extreme policies or actions to solve a particular problem quickly as shock therapy. ...Prague s policy of economic shock therapy. Syn: shock treatment 2) N UNCOUNT Shock therapy is a way of treating… …   English dictionary

  • shock treatment — shock .treatment also shock .therapy n [U] 1.) treatment of mental illness using powerful electric shocks 2.) the use of extreme methods to change a system or solve a problem as quickly as possible used especially in news reports ▪ the government …   Dictionary of contemporary English

  • Shock therapy (economics) — In economics, shock therapy refers to the sudden release of price and currency controls, withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large scale privatization of previously public… …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • Economic history of Brazil — The economic history of Brazil covers various economic events and traces the changes in the Brazilian economy over the course of the history of Brazil. Portugal, which first colonized the area in the 16th century, enforced a colonial pact with… …   Wikipedia

  • Shock Therapy — A sudden and dramatic change in national economic policy that turns a state controlled economy into a free market one. Characteristics of shock therapy include the ending of price controls, the privatization of publicly owned entities and trade… …   Investment dictionary

  • Shock (economics) — In economics a shock is an unexpected or unpredictable event that affects an economy, either positively or negatively. Resiliance to such events depends on general preparedness, economic policy, existing infrastructure and effective emergency… …   Wikipedia

  • shock — {{Roman}}I.{{/Roman}} noun 1 extreme surprise ADJECTIVE ▪ awful (esp. BrE), big, considerable (esp. BrE), dreadful (esp. BrE), great, huge, major, massive, nasty …   Collocations dictionary

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