Q: The destruction of the twin towers of the World Trade Centre in New York, and the attack on the Pentagon had a serious impact on the global business and trading environment. Write an essay on this topic, focussing on a detailed discussion of what the effects were and the reasons why these terrorist acts have had the impact they have. Introduction America suffered the worst terrorist attack ever. Suicide hijackers crashed two fuel-laden passenger …showed first 75 words of 3607 total…

…showed last 75 words of 3607 total…said, against a previous forecast of 2.6%. Germany however, will manage a 1% gain. In the spring, the OECD foresaw the country could achieve 2.4% expansion. Italy is seen expanding by 1.2% against the earlier 2.5% estimate, while France is set for 1.6% instead of the 2.7% seen earlier. Despite this the OECD predicate that the situation should improve by 2003. U.S. growth should accelerate to 3.7% growth, close to the 4.1% seen last year, with Europe expanding by 2.9% and Japan recording growth of 0.9%.