Often, when the economy runs into trouble, it goes through a slow glide from good times to bad. Other times, it is more like a fast car slamming on the brakes.
A potential coronavirus recession looks more and more like the second situation — and that has big (implication) for how painful a downturn would probably feel.
示唆, 含意, 暗示
She didn’t say I had stolen it, but that was the implication.
He got angry at the implication that he had lied.
“Because it’s happening so quickly, we could get more of a shock factor,” said Michelle Meyer, head of U.S. economics at BofA Securities. “The speed of the shock is important and could result in a downturn feeding on itself more acutely.”
Suppose you are an American who was feeling confident about her job and enjoying a record-high stock market in mid-February might have made financial decisions (premised) on the continuation of good times — being willing to make big-ticket purchases, for example — that could leave her more vulnerable if she were furloughed or laid off because of business shutdowns.
a false premise
‣ the premise that
His argument is based on the premise that every country wants to have a Western-style democracy.
The shorter the impact, the easier it will be for the economy to go back to its (quite good) pre-virus functioning. Maybe the travel companies and oil companies and furloughed individuals will be back on their feet quickly enough that the damage doesn’t spread widely.
The alternative is that it sets off economic ripples that will affect the world for a long time to come.