The brutality and wickedness of the terrorist attacks in the United States on September 11 were an affront to humanity. These attacks were such a human tragedy it may seem somehow inappropriate to discuss their economic implications. However, there is no denying that the economic impact of these events will be felt all over the world.
The exact extent and duration of the economic impact on the United States will very much depend on the ongoing military response and whether this leads to further terrorist activity. It will also depend on the reaction of consumer confidence in the United States to these unfolding events.
As far as the economic implications of the attacks for Ireland are concerned, because we have an open economy heavily reliant on trade and foreign investment and on international travel and tourism, they will obviously have unfavourable implications for us too.