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The other is a "leverage" shock, in which the credit crisis has stopped people from borrowing to finance consumption.In response to this second shock, governments have deliberately taken on the debts of the private sector.
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August 29, 2013 Chris Ship (@chrisshipitv) Phone call to White House gonna be tricky: Hello Mr President - err - its over to you #Syria August 29 , 2013Nick Robinson (@bbcnickrobinson) Ed Miliband just applauded as walked into Labour whips office after shock government defeat August 29 , 201310.42pm BST David Cameron's reaction to the defeat Here is what David Cameron said to Ed Milband.
Officials in Washington, gathered for the autumn meetings of the World Bank and IMF, will be hoping the outlook shocks governments into decisive action to support global growth.
The size of the Iranian delegation — more than 100 members — shocked government officials.
ISIL fighters then pushed north, shocking government troops and taking Mosul Iraq's second largest city without resistance in June.
That decision shocked government scientists, who said it would force the cancellation of dozens of experiments on an array of diseases, from diabetes to Parkinson's.
This suggests a bid to shock rich governments into helping.
He told Reuters: "I hope this report will shock people, governments, into taking more serious action, as you really can't get a more authentic and a more credible piece of scientific work".
Even before this week's GDP shock, the government was struggling to find the resources it needed.
At that time population ageing was receiving little attention, and he wanted to shock the government into preparing for it.
Tapering or even the threat of it may deliver a shock to government bond yields and deficits.
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CEO of Professional Science Editing for Scientists @ prosciediting.com