Fears grow for US economy

UNITED STATES - Fears for the US economy are growing, after the country's central bank revealed that there had been no signs whatsoever of an upturn before the terrorist attacks in New York and Washington.

The Beige Book, published monthly by the Federal Reserve, paints a gloomy picture, describing economic activity as "sluggish", warning that in several of its 12 districts nationwide "activity slowed down further".

Worse still, consumer spending across the country was "flat to down", according

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