Imminent war is bad news for global economy

An 'inevitable' war. Not exactly the sort of thing to cheer the markets after the summer break, when a brief rally in US markets held out hope that a double-dip recession could be avoided. But now, in addition to the global economic downturn, the prospect of a war is all too real. Tension has been building all year over the US-led agenda on the Middle East. At one point, with corporate disasters dominating the headlines, it appeared as if George Bush had been persuaded to focus on domestic issues. But there can be little doubt that following the anniversary of the 11 September bombings, t...