July 9, 2009
City News Service featured a new report from USC's Center for Risk and Economic Analysis of Terrorism Events. The study found that the economic impact of the September 11 attacks was far less than original estimates, at $35 billion to $109 billion, rather than $500 billion. "This is the most comprehensive study to date on the economic impacts of 9/11, and it can be applied towards future planning and preparation in the event of future terrorist attempts," said SPPD Research Professor Adam Rose, the center's coordinator for economics. "It shows that Osama bin Laden's policy strategy to damage the U.S. economy was short-lived in its effects due to the resiliency of the U.S. economy."
City News Service featured a new report from USC's Center for Risk and Economic Analysis of Terrorism Events. The study found that the economic impact of the September 11 attacks was far less than original estimates, at $35 billion to $109 billion, rather than $500 billion. "This is the most comprehensive study to date on the economic impacts of 9/11, and it can be applied towards future planning and preparation in the event of future terrorist attempts," said SPPD Research Professor Adam Rose, the center's coordinator for economics. "It shows that Osama bin Laden's policy strategy to damage the U.S. economy was short-lived in its effects due to the resiliency of the U.S. economy."