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"economic shocks" is correct and usable in written English.
You can use it when referring to a sudden, often unexpected event or change that has an economic effect on a business, industry, or economy. For example: "The global pandemic has had dramatic economic shocks, causing huge losses for businesses around the world."
Exact(59)
Economic shocks.
Economic shocks make the task even harder.
We can hardly afford any additional economic shocks.
A low stock of savings increases vulnerability to economic shocks.
Without export diversification, such states are vulnerable to economic shocks.
But adjustments to global economic shocks do not happen overnight.
He said these were the only companies that were insulated from country-specific economic shocks.
Poverty and economic shocks help cause conflicts and are themselves influenced by climate change.
London's over-reliance on the financial services sector makes it uniquely vulnerable to economic shocks.
So long as that's the case, negative economic shocks will rapidly translate into defaults and foreclosures.
Similar(1)
Instantaneous macro-economic shocks destroy the informal safety nets of all small businesses.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com