September 11

It has been verbalize that as newfound York City goes, so goes the country. I spent well-nigh time in sassy York after(prenominal) family 11th. The citys business community had at least temporarily shifted its contract from profit-making to recovering from the terrorist attacks. Not surprisingly, people were not expense such(prenominal) m peerlessy. Last week, the Bush administration finall(a)y express the dreaded vocalise -- recession -- conceding that an economic downswing is inevitable. The president is very(prenominal) concerned about the set up of the deliverance in New York, but not only in New York, end-to-end the country, White House spokesman Ari Fleischer told reporters. Economists brink to coast chimed in with a chorus of little or no recovery for the peace of mind of this year. Traditionally, in this country, analysts say recessions last 11 to 14 months. This leaves the near future of the U.S. economy largely in the hands of consumers, who for their part, argon too shell-shocked to rise to the occasion conscionable yet -- online or off. Standard & Poors says Tuesdays terrorist attacks for throw not drive home a long lasting effect on the U.S. economy, though it does opine a short and moderate recession at one time appears likely. The New York-based rating agency said the sign retort in financial markets is likely to be a career to safety, and a subsequent sharp fall in prices in a wide range of securities and commodities.

But, it points out, European and Asian markets work already rebounded from the worst levels seen immediately after the attacks. music al composition some pause in consumer spendi! ng and business investing is likely, the efforts of all levels of governments to return to normality and response of people and officials in New York and Washington strongly suggest that economic effects will be limited in duration and scope, said David Blitzer, managing theater director and chief investment strategist for S&P. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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