America at War: Part Five the New World; Economy: Recovery Will Be Slow, but a Recession May Still Be Averted ; after 11 September 2001 Things Will Never Be Same: The Danger of Recession Has Grown; Militarism Has Been Given a Green Light, and Security Fears Will Hinder the Machinery of Democracy. Is This the Time for a New Ethics of International Relations?

McRae, Hamish, The Independent (London, England)

There is, inevitably, a serious danger that the terrorist attack on the United States will trigger a world-wide recession. Even if recession is averted, as it may still be, recovery from the present downswing is likely to be more muted than had previously been expected.

There is really no guide to the way the world economy might react, but it is evident that the tragedy has happened at a particularly sensitive time. The US economy was already slowing, creeping forward at an annual rate of only 0.2 per cent during the second quarter of the year. The main engine of growth, US consumer spending was beginning to slow; unemployment was rising and figures released on Thursday …

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Publication information: Article title: America at War: Part Five the New World; Economy: Recovery Will Be Slow, but a Recession May Still Be Averted ; after 11 September 2001 Things Will Never Be Same: The Danger of Recession Has Grown; Militarism Has Been Given a Green Light, and Security Fears Will Hinder the Machinery of Democracy. Is This the Time for a New Ethics of International Relations?. Contributors: McRae, Hamish - Author. Newspaper title: The Independent (London, England). Publication date: September 16, 2001. Page number: 24. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.

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