経済 けいざい波及 はきゅう効果 こうかではありませんでした
keizaiwa kyūkōkadewārimasendeshita

Noun
Desu Copula

The polite, past negative form of 経済波及効果

1. Was not an economic ripple effect.; It was not an economic multiplier effect.

Past/Perfective
Negative
Polite
Formal Register