Paris Attacks Could Slow The Economy

The Paris attacks are bad news for the economic recovery in the Eurozone – the attacks could slow the pace of world economic recovery, and in particular, slow the economy of France as the government focuses on other issues.

At least 129 people were killed on Friday evening in a series of coordinated attacks on Paris with Islamist militants claiming responsibility for the carnage.

Oil and commodity prices have dropped further in an already bearish market. Concerns are that these attacks will discourage people moving around.

"People in France are in shock. They are not doing much shopping and that could last for a few days," said Olivier Jakob from Petromatrix consultancy. Hardly surprising - shopping is not likely to be the first priority when you consider the circumstances and security and safety concerns.

A lot depends on how governments react and what restrictions are put in place that stop, slow or discourage people travelling. 

Video Courtesy of Reuters