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Headline: Expect delayed recovery not disaster Source: Euromoney Date: November 2001 Author: David Roche The US economic recovery will be delayed by the terrorist attacks of 11 September and anthrax scares. But in the wake of the US administration’s massive monetary and fiscal policy boost since that tragic day, a V-shaped recovery in 2002 is now likely. Before September, the US economic slowdown was, to a large degree, simply an inventory liquidation exercise, as corporate America responded to more normal post-bubble demand conditions. |
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