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Mar 31, 2003

Pre-war IR

IROs are feeling the pressure of the potential Gulf conflict

The threat of war in the Gulf is on everyone's minds, and the economy is suffering as a result. According to business forecasting web site Economy.com, the uncertain climate knocked up to $50 bn off US business investment last year, and with the buildup to war continuing, investors are remaining cautious. To add to the depressed situation, consumer confidence in the US is continuing to fall, down to its lowest level in a decade according to the Conference Board.'The prospect of war with Iraq

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