WASHINGTON (AFX) – The fallout from the Enron Corp and WorldCom Inc scandals will cost the US economy an estimated US37 to $42 billion this year, according to a Brookings Institution study. The study said much of the losses will come from stock declines that reduce the so-called “wealth effect” and end up impacting GDP….
MARKETS: Enron, WorldCom scandals to cost US economy at least US$37 billion
Posted on August 5, 2002 by EnergyAsia