Economic tsunami,

Definition of Economic tsunami:

1. Economic tsunamis take their name from natural tsunamis, which are abnormally large waves triggered by a disturbance to the ocean floor, such as an earthquake. The resulting wave causes widespread destruction once it reaches the shore and floods low-lying coastal areas, and it can even cross oceans in their effects. .

2. An economic tsunami is a widespread set of economic troubles caused by a single significant event. The downstream effects of economic tsunamis generally spread to broad geographic areas, multiple industry sectors, or both.

3. The trigger of an event that causes havoc and disaster in an economy. The results of an economic tsunami are felt in multiple sectors of the economy and have the ability to forever change economic conditions. This occurs because the various sectors of the economy are interconnected and shift based on the performance of other sectors. The credit crisis in the United States doing 2008 and 2009 sparked an economic tsunami across the world in various other economies.

How to use Economic tsunami in a sentence?

1. An economic tsunami is a widespread set of economic troubles caused by a single significant event.
2. Globalization is one of the main reasons why the shockwaves of an economic downturn in one part of the world can be felt on the other side of the globe.
3. The downstream effects of economic tsunamis generally spread to broad geographic areas, multiple industry sectors, or both.