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In Brief: New York's Economic Woes Preceded 9/11.

Publication: American Banker
Publication Date: 28-FEB-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The city's economy was in retreat before the terror attacks of Sept. 11 2001, according to the Federal Reserve Bank of New York.

Many have blamed the attacks for the city's financial problems, but Jason Bram, a Fed economist, wrote that the downturn stems largely from cyclical factors. The...

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