The state of the US economy has rarely been so widely discussed as people everywhere look for evidence of a global recession following the terrorist attacks of September 11. It is clear that immediately following the events of that day, certain sectors froze, such as the aviation industry, advertisers pulled campaigns with inappropriate messages, and analysts increased their predictions of a deep recession. Two months on however, the picture seems just as mixed as it was before September 11 – another quarter of negative growth in the US would mean a recession, but the depth and length of that recession is still very much open to question.

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