Attack's effect on confidence could push economy over the edge

Article Abstract:

The world economy is likely to be very negatively affected by the terrorist attacks on the World Trade Centre and the Pentagon. Most economists believe that a recession is now inevitable, although some feel that the US economy will show resilience.

Recessions

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All agreed on the economy but what about the aftershocks?

Article Abstract:

There is a consensus that the terrorist attacks in the US will accelerate the downturn already taking place in the US economy. There will be some repercussions for the rest of the world, but the situation will improve in 2002. This forecast would be disrupted if there were further terrorist attacks or prolonged uncertainty about the West's military response.

Administration of General Economic Programs, Intnl Economic Policy, Column, International economic relations

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Retailers are hit by falling trade in wake of attacks

Article Abstract:

The impact on the UK of the terrorist attacks on the World Trade Centre and the Pentagon is discussed. The retail sector has been particularly negatively affected, with new statistics indicating that the number of shoppers dropped by more than 10% in the aftermath of the events.

Retail Trade, GENERAL MERCHANDISE STORES, United Kingdom, Retail industry, World Trade Center and Pentagon Attacks, 2001

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