Definition, Meaning & Synonyms

economic-woes

Phrase

/ˌɛ.kəˈnɑː.mɪk woʊz/

Definition

The challenges and difficulties faced by individuals, businesses, or economies that arise from financial instability or downturns.

Examples

The recent economic woes have left many families struggling to make ends meet.
Government measures are being introduced to alleviate the economic woes of small businesses.
After the pandemic, economists warned of potential economic woes that could follow.

Meaning

Economic woes encompass a range of issues including rising unemployment, declining investments, and overall financial hardship within a community or country.