economic shock

economic shock definition - business

economic shock

An external and unexpected event that impacts an economy. For example, a natural disaster such as an earthquake or hurricane can have a major impact on an economy.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.