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Posts tagged Terrorism

Bomb and the Bill: Economic Impact of...

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A year after 9/11, the Comptroller of the City of New York gave a report on economic consequences of the attack. The report pegged the property losses at $21.4 billion – otherwise a huge amount but actually just 0.2% of US GDP. The report, however, observes that there was a large economic loss in terms of diversion of business, which is diff [...]

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