So oil shocks have smaller effects today, because Labour markets in rich countries have become considerably more flexible since the 1970s.

所以石油危机在当今影响更小，因为自1970年起发达国家的劳动力市场变得灵活许多。

youdao

Fiscal transfers within the EU are far smaller than in America, so cannot help countries absorb sudden shocks.

欧盟内的财政转移量要远远少于美国，所以难以帮助国家承受突然的打击。

youdao

There are fears that with the decline in financial services, external economic shocks might be catastrophic for some smaller territories.

这样做主要是害怕在金融服务衰退时，外部的经济冲击会对一些小的属地来说将是灾难性的。

youdao

Smaller firms are vulnerable to shocks.

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