Shock
in sentence
1561 examples of Shock in a sentence
A few months later, he scandalized his own Likud party conference by stating that occupation is wrong and untenable - another
shock
for those who always speak of "liberated" rather than "occupied" territories.
The current high-stakes conundrum faced by policymakers suggests that they should apply inflation-targeting principles more flexibly in the context of a major economic
shock.
One choice was
shock
therapy - quick privatization of state-owned assets and abrupt liberalization of trade, prices, and capital flows - while the other was gradual market liberalization to allow for the rule of law to be established at the same time.
Today, there is a broad consensus that
shock
therapy, at least at the level of microeconomic reforms, failed, and that countries (Hungary, Poland, and Slovenia) that took the gradualist approach to privatization and the reconstruction of institutional infrastructure managed their transitions far better than those that tried to leapfrog into a laissez-faire economy.
This record suggests that one should think twice before trying
shock
therapy again.
But the Bush administration, backed by a few handpicked Iraqis, is pushing Iraq towards an even more radical form of
shock
therapy than was pursued in the former Soviet world.
Indeed,
shock
therapy's advocates argue that its failures were due not to excessive speed - too much
shock
and not enough therapy - but to insufficient
shock.
If Iraq's economy falters as a result of a misguided economic reconstruction program based on
shock
therapy, the country will be further indebted with little to show for it.
Moreover, they left in
shock
in realizing Yam, and the financial secretary, Donald Tsang, nominally his boss but without real power, didn’t really understand the experts’ economic reasoning.
A leading contender in Sri Lanka’s upcoming election is former President Mahinda Rajapaksa, whose nine-year tenure, which ended in January with a
shock
defeat in the presidential election, was characterized by rising authoritarianism, nepotism, and corruption.
The best cure would be controlled higher inflation – that is, the aforementioned temporary increase in the inflation target – to erode the real value of public debt and forestall the risk of a much more damaging inflationary
shock
later, one in which expectations become unhinged.
In such a concentrated risk environment, any
shock
could amount to a systemic blow to the financial sector.
Indeed, according to the American economist Irving Fisher’s long established “debt-deflation” theory, when an over-indebted economy suffers a shock, the joint effects of debt and deflation can trigger a downturn.
Given the growth patterns across advanced and developing countries prior to the crisis, and then the large negative shock, it is likely that there is a shortfall of tradable global aggregate demand, impeding an important component of global growth.
The so-called “Sputnik shock” convinced America and the West of the need for radical reform of science education, particularly recruitment, training, and retention of teachers.
Followed closely by a collapse in commodity prices, it dealt a devastating
shock
to the “transition economies.”
Relearning to Love the BombWASHINGTON, DC – The shocking thing about nuclear weapons is that they seem to have lost their power to
shock.
China as Seen from a Glass HouseNEW HAVEN – The removal from the Chinese constitution of the provision limiting presidents to two five-year terms came as a
shock
to many.
The annual inflation rate, at just 0.5%, is now so close to zero that even a minor
shock
could push it into negative territory and trigger a downward price spiral.
The eurozone technically emerged from recession, the unemployment rate in the United States was lower than in previous years, and Japan began to stir after a long slumber and the negative
shock
of the earthquake and tsunami in 2011.
Perhaps it was just a matter of personality, or he may have been reflecting the
shock
and confusion that covered most of Istanbul after the blasts.
Undermined by a lack of policy flexibility, it will take a long time for countries like Cyprus to overcome the immediate
shock
of crisis and revamp their growth models.
The West should stop reacting to Putin with “shock and awe” –
shock
that he can act with such seeming impunity, and awe at his perceived tactical brilliance.
Back in the 1980s, it was not unreasonable to argue that the next large
shock
to the US macroeconomy was likely to be inflationary.
Workers who nonetheless have it bad can move easily to better-performing states without worries about language differences or culture
shock.
If it finally turns to quantitative easing in June, it will take only baby steps down this path, because ECB President Mario Draghi and his team remain reluctant to embrace the kind of radical measures that would
shock
their political masters.
Like Princess Anna in Frozen, it will take time for markets to recognize that their relationship with the Fed is changing (and should change); and, similar to the movie, some sort of
shock
may be involved in socializing the new understanding.
If China eases restrictions on cross-border capital flows, an unexpected
shock
could trigger large-scale capital flight, bringing down the entire financial system.
And, before the Iran
shock
had been absorbed, the US threatened a 25% import tariff on cars, which would shave at least $5 billion annually from German exporters’ revenues.
The news came as quite a shock: Recall that when Greek officials came clean about the true state of their country’s public finances in 2010, the budget deficit was more than 10% of GDP – a moment of statistical honesty that triggered the eurozone debt crisis.
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