Attacks threaten to harm global economies

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Attacks threaten to harm global economies

From wire reports

NEW YORK — The shock to financial markets from Tuesday's devastating plane attacks in the United States could have huge repercussions for an already-fragile world economy, stunned analysts said as they watched events unfold. Stock markets around the world plunged and oil prices soared after two planes crashed into the World Trade Center in New York and another plane slammed into the Pentagon in Washington, D.C. The attacks in the nation's business and government capitals may well push the teetering economy into recession, analysts suggested. The Federal Reserve said it stood ready to pump extra money into the economy if needed to try to avert such a development.

http://www.usatoday.com/money/economy/2001-09-11-recession-attacks.htm#more

-- Martin Thompson (mthom1927@aol.com), September 11, 2001


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