Business and Finance, a 40-year story: the editorial history

Number 30 / 17 September 2001

On the same day that Affari & Finanza goes on newsstands, Monday 17 September, Wall Street reopens, having been closed since the previous Tuesday, that damned 11 September. Such a prolonged closure had not occurred since the First World War. The whole world, still in shock, is wondering what the subsequent developments could be, in the economy but also from a military point of view, of such a shocking event. The American GDP will end up sacrificing 0.5 points, that is, it will grow by 1.2 and not 1.7% for 2001, but above all it is clear to everyone that a long season of war is beginning for the United States, from Afghan adventure to the Iraqi one. In the first 7 days of reopening Wall Street lost more than 10%. After the stock market, fear paralyzed the real economy. The material damage caused by the attack amounted to 55 billion dollars, in New York alone more than 400 thousand people were fired in three months due to the effects of the terrorist attack, according to data from the American statistics office, the damage on all other world stock exchanges. Yet, after a very brief recession, the American economy recovered, the stock market headed towards new highs, and the other markets also recovered sooner than expected.