economic uncertainty
/ˌiːkəˈnɒmɪk ˌʌnˈsɜːrtnəs/ · e·co·nom·ic un·cer·tain·ty
noun
- The condition in which the future direction of the economy is unclear or unpredictable, causing hesitation in investment, consumption, and policy decisions. High economic uncertainty this quarter has led firms to postpone hiring new staff.
Synonyms
financial instabilitymarket volatilityeconomic instabilitymacroeconomic riskbusiness uncertaintyeconomic unpredictabilityfiscal uncertaintyeconomic doubt
Antonyms
Did you know? The term 'economic uncertainty' surged in academic literature after the 2008 financial crisis, becoming a key indicator used by central banks to gauge the need for stimulus measures.