After the relative calm of the previous two weeks, the world economy reverted to its old turbulent ways during the period under review (September 8-20) as the stock markets took a tumble and international uncertainty surrounding Iraq intensified.  The fear of higher oil prices, the deteriorating situation in Israel and the doubts expressed from some quarters that the recovery in US, Japanese and Western European economies might not arrive so quickly after all also weighed heavily on people's minds.

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