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Whatever the reason, the reluctance to negotiate can have severe economic consequences.
The disease is endemic in parts of Asia, Africa, the Middle East and South America, where periodic outbreaks sometimes have severe economic consequences.
Some experts argue that the peak is imminent and that, when markets finally wake up to this fact, the world will face severe economic consequences.
There is undoubtedly a political dimension to consider, with the Foreign Office knowing that a ban will have severe economic consequences for an ally.
Defense Secretary Leon E. Panetta has emphasized the necessity of working together, warning that a military strike could have severe economic consequences worldwide.
This has had severe economic consequences: a study led by the economist and Nobel laureate Joseph Stiglitz determined that asbestos-related bankruptcies had cost more than three billion dollars and entailed the loss of more than fifty thousand jobs.
Similar(28)
Interest rates are a blunt weapon to wield in such circumstances; it is impossible to predict how far share prices could fall once they turn, or how severe the economic consequences might be.These are understandable concerns.
As the Malian refugee crisis in Niger demonstrates, a humanitarian crisis in one Sahel state causes severe economic and humanitarian consequences for its neighbors -- consequences that may create a Nigerien refugee crisis, if the proper action is not taken.
And while a flaw that may crash a desktop PC is an irritation, a flaw in a program on the Internet could have severe economic or security consequences.
Either a large part of the Continent will move much closer to a federal government, with common fiscal policies and a substantial loss of sovereignty for many nations, or it will spin apart, with possibly severe economic and financial consequences.
Filamentous bulking, a phenomenon in which the filamentous organisms dominate the activated sludge is still a widespread problem in the operation of activated sludge processes with often severe economic and environmental consequences.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com