"negative economic consequences" is correct and can be used in written English.
For example, the new tariffs imposed by the government will have serious negative economic consequences for the country.
Given the negative economic consequences — lost paychecks for workers and lost business for employers — the economically rational thing for both sides is usually to settle before the walkout starts.
But increased pollution can also have long-term negative economic consequences.
Senators in states that manufacture weapons also fear negative economic consequences.
Any disruptions to the market "could have serious negative economic consequences," the department said.
Even for arms-producing countries, excessive military expenditure is likely eventually to have negative economic consequences.
Others assumed that any negative economic consequences of leaving the EU would have little impact on their already dire situation.
"It could launch a period of uncertainty [with] negative economic consequences for the UK spilling over into Europe".
In rare instances when a business fails, Bain Capital employees share in the negative economic consequences of those losses".
In the rare instances when a business fails, Bain Capital employees share in the negative economic consequences of those losses.
Private companies seldom have an interest in securing public oversight, as any criticism may entail negative economic consequences.
Despite studies warning of the negative economic consequences of Britain's dire record on language learning, modern language study in England is in dramatic decline.
