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

November 16, 2015 08:01 PM
2446332_1551183163 video player.

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.