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Terror`s toll on the US economy
Four weeks after the horrific attacks of Sept. 11, aftershocks are rippling through nearly every sector of the U.S. economy on a scale the terrorists probably never anticipated.
Four weeks after the horrific attacks of Sept. 11, aftershocks are rippling
through nearly every sector of the U.S. economy on a scale the terrorists
probably never anticipated.
The estimated hit to the U.S. economy so far: at least $100 billion this year,on top of tens of billions in property damage and the staggering loss of human life.
That price tag reflects a shift in the outlook for the rest of this year.
That price tag reflects a shift in the outlook for the rest of this year.
Before the attacks, economists were expecting gross domestic product to grow at an annual rate of slightly more than 1% in the 2001 second half. Now they expect the U.S.'s $10 trillion economy to shrink by nearly 1% instead. That estimate doesn’t even encompass what's to come next year. Bureau Report