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Investors were already expecting a recession, and although the attack may worsen the recession, it could also lead to a sharper recovery, Mr. Dorsey said.
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We had a sharp recession followed by a sharp recovery in the 1980s.
Despite a sharp recovery last month, the Nikkei finished the fiscal year that ends Sunday down 15.2percentt from a year ago.
Barring a sharp recovery, Mr. Paulson will have to write a personal check to the organization for several million dollars.
Much of the recent run-up in share prices appears to be betting on a sharp recovery in corporate profits.
The forecasts cook in a sharp recovery in growth in the year ended in March 2014, to 6.1-6.7 6.1-6.7
This is because it is expecting the economy to deliver a sharp recovery in revenues even without tax rises.
Recent data from GFK, John Lewis and the British Retail Consortium all signal a recovery a sharp recovery to like for like in the UK.
"We don't see a sharp recovery in 2002, or even a modest recovery," its chief executive, Louis Giuliano, said on a conference call.
But in the past few days it has been looking more like a U: a sharp fall, a long period of weak demand, then eventually a sharp recovery.
For many businesses the rot has set in to such an extent that even a sharp recovery will be too little, too late".
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