Overview
The September 11th attack caused massive damage to New York’s economy. Following the terrorist attack, New York struggled to understand the specific economic effects and what could be done to cope with them.
The Partnership for New York City organized a team of leading consultants and economists to evaluate how much the attack stands to affect the main sectors of the New York economy, and recommended specific steps that the private sector and government can take to achieve a full recovery.
$83B
The economic impact of the attack is likely to total $83 billion in damage to New York City’s economy.
125K
An estimated 125,000 jobs will be lost in the fourth quarter of 2001 as a direct result of the attack.