G7 leaders unite to overcome economic fallout

US - The chairman of the US Federal Reserve, Alan Greenspan, has said that the terror attacks on America have penalised the global economy in a manner similar to raising interest rates worldwide.

Greenspan told the finance ministers of the Group of Seven richest democracies that the attacks had depressed the world economy by "raising the discount rate of uncertainty" globally, in remarks relayed by the US Treasury Secretary, Paul O'Neill.

The chairman of the US Federal Reserve, Alan Greenspan

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