Afghan war will not harm world economy

Dresdner RCM's global chief economist, Andrew Hunt, has told investors that the attacks on Afghanistan are highly unlikely to have any significant direct effects on the world economy. Hunt argued that even the impact on military budgets and expenditure is likely to be relatively small. He said: 'While the commencement of hostilities may directly depress consumer sentiment a little, we would not ascribe too much weight to this factor. Instead, we believe consumers will be worried about their job security. 'The uncertainty affecting world markets remains the greatest danger. However, ...