Table: The Economic Impact

The World Trade Center and Pentagon attacks are likely to have far-reaching financial and economic effects:

-- Falling consumer confidence will drag an already stagnant U.S. economy into recession

-- U.S. economic contraction could make recovery difficult for weak European and Asian economies

-- Declining profit expectations will pull down global markets and increase financial volatility

-- The U.S. may lose its reputation as a safe haven, reducing foreign investment and driving down the dollar

-- More stringent security measures could boost the costs of trade and travel over the long-term

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