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"economic effect" is a perfectly acceptable and usable phrase in written English.
You can use it anytime you want to talk about the impact of an economic policy or event on an economy. For example: "The economic effect of the coronavirus pandemic has been devastating for many businesses."
Exact(60)
If the perceived economic effect of a problem is effectively nil, then people won't care.
The economic effect is less debt reduction.
We should have the maximum economic effect from it".
The regulations themselves, however, could have a negative economic effect.
Was there a measurable economic effect from DACA itself?
The economic effect of membership has been huge.
| The economic effect of the Midwest's worsening drought.
Other factors will mitigate the economic effect of aging.
The storm is expected to have a major economic effect.
The economic effect has been to drive Gaza's 1.3 million people ever deeper into poverty.
Mr. McGreevey said the potential economic effect was too great to risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com