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Letter From the Editor
Jim Browning - 17 October 2001
These are extremely trying times for CEOs, CIOs and other senior executives of enterprises of all sizes. This special Spotlight advises Gartner clients on how to deal effectively with today's difficult economic conditions. Consumer confidence is weakening, technology stocks are hitting 52-week lows and global Fortune 2000 companies are announcing huge layoffs. The economy is in a slowdown, and many signs indicate a full-blown recession is coming.
The recent terrorist attacks will have serious economic effects. In the short term, the impact will be negative, as some industries take drastic steps to survive. For example, United States' airlines and aerospace companies have announced layoffs totaling more than 120,000 workers, and two European airlines have declared bankruptcy. Some businesses may have to close their doors. In the long term, however, the United States will undoubtedly spend huge sums to rebuild and strengthen its national infrastructureespecially for heightened security. Other countries will likely follow suit. Read more
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