Puerto Rico Economic Pulse ©

September 2001: The Mirror has Two Faces: Part I United States

Understanding the economy before and after September 11, 2001

American life came to a near standstill on September 11, 2001 when terrorists crashed three passenger planes into the World Trade Center and the Pentagon. The disaster cast a war time mentality over the US economy and on through other economies in the rest of the globe. Find out how the difficult campaign in Afghanistan, persistent warnings of new terrorist attacks, and the growing scare over Anthrax have plunged the US and the world into an uncertain new era. While the immediate consequences for directly impacted industries such as travel, tourism, and insurance are clear, the broader economic fallout over the next several quarters and over the next few years remains cloudy. Let`s examine how extensive is the impact of the above events on 2002 and intermediate growth for the US economy.