Attacks May Trigger a Global Recession
September 12, 2001
Economists said a global economic contraction was almost assured as world stock markets plunged, the U.S. dollar spiraled lower against the yen and euro, and oil and gold prices soared after terror attacks on landmarks in New York and near Washington.
Economists said there could be untold damage to the U.S. financial system, noting many key stock market players in the World Trade Center buildings were likely killed.
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