UK growth predicted 'to fall sharply'

UK - A leading think tank has forecast a sharp slowdown in the UK economy next year as a result of the suicide attacks on Washington and New York.

The Centre for Economics and Business Research (CEBR) says that the UK economy will slow from a growth rate of 2% this year to just 1.3% in 2002.

And it says that the US economy will record a zero growth rate this year, before recovering to 1.4% in 2002.

Overall, the effect of the terrorist attack will be to reduce the total output of the UK economy

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