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SARS slows Asia growth but not world economy; Greenspan sees no evidence of significant damage to U.S. interests thus far.

Publication: The Washington Times
Publication Date: 13-MAY-03 		Format: Online - approximately 1107 words
Delivery: Immediate Online Access
Full Article Title: SARS slows Asia growth but not world economy; Greenspan sees no evidence of significant damage to U.S. interests thus far.(BUSINESS)

Article Excerpt
Byline: Patrice Hill, THE WASHINGTON TIMES

SARS is diminishing the robust growth of Asia and a few other areas hit hard by the deadly virus, but it has had little impact on either the U.S. or global economy.

Growth could be cut by half this year in cities such as Toronto, Hong Kong, Singapore and Beijing that previously had been expanding rapidly but where serious outbreaks of severe acute respiratory syndrome have prompted the quarantine of thousands of people and scared many millions more, economists say.

SARS has claimed more than 500 lives and infected more than 7,000 people in 30 countries since it emerged in a rural province of southern China in November. The death rate has risen to 15 percent, according to the World Health Organization.

"We know it has had a very major negative impact on air transport, obviously, vacations - all aspects of the types of holiday parts of our economy, which rest on travel and visits," Federal Reserve Chairman Alan...

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