The third consideration is that unexpected events – from additional terrorist incidents at home to how well the war on terrorism is going abroad – may be especially important in shaping the outlook.
2  BIS Review 96/2001  The state of the economy before September 11 We need to integrate two aspects of the state of the economy before September 11 into the current outlook. First, and perhaps most obvious, is the momentum of the economy and specifically how close the economy was to a rebound.