VOL. XLV

No 38

23-September-2002

IRAQ

Bush Advisor Puts CostOf War With Iraq At $100-200Bn

Lawrence Lindsey, the chief economic advisor to PresidentBush, has said that a war with Iraq would cost the US between $100bn and $200bn orroughly 1%-2% of GDP, but doubts that it would push the country into furtherrecession. Mr Lindsey, who heads the White HousesNational Economic Council, said that this sum would not have an appreciableeffect on interest rates or add significantly to the federal debt,...