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Economists: Paris Attack Impact Likely Short-Lived, With Caveats


Economists: Paris Attack Impact Likely Short-Lived, With Caveats
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U.S. stocks were mostly unaffected by the Paris attacks, and European shares held steady. But the travel and leisure sectors took a beating Monday, losing nearly $2.5 billion on short-term fears that people will postpone travel plans and stop buying luxury goods from Europe. But as Mil Arcega reports, analysts say longer term concerns - from tighter border controls to an enhanced climate of fear - pose the greatest risks to the global economy.

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