HONOLULU, Hawaii (1 Oct 2001) -- Honolulu's economy will be the fourth worst hit among the nation's top 318 metropolitan areas in the aftermath of the Sept. 11 terrorist attacks, a study predicted. The attacks will cut economic growth in all of the top metropolitan areas, but tourist sites catering to fly-in visitors will be among the most affected, according to the Economy.com analysis of the attacks' implications. "The parts of the economy that were holding up well before the attacks are going to be nailed by this," said Mark Zandi, chief economist at Economy.com, in a New York Times article. Las Vegas, Miami and Orlando are also expected to suffer economically from the attacks. | | Honolulu might have led the list of worst damaged if the survey had not taken into account where each city's economy stood before the attacks. Honolulu had one of the slowest economic growth rates prior to the attack, whereas, Las Vegas is dropping from a lofty spot in the economic ranking of cities. At the other end of the scale, Jersey City, New Jersey, will be hurt the least. The city across the Hudson River from lower Manhattan is attracting many businesses from New York following the destruction of the World Trade Center towers. © CDNN - CYBER DIVER NEWS NETWORK |
