Mumbai: According to the Center for Economics and Business Research, a London-based economic research entity, the world GDP is likely to fall 2.2 per cent, and that of the UK 1.2 per cent, in the current calendar as a direct result of the terrorist attacks in the US on 11 September.

The world GDP was placed at 746.73 billion euros three months back, but has now been reduced by 466.71 billion euros. Three assumptions were made at the time of arriving at these figures, said Douglas McWilliams, author of the report.

These are:

1. There are no further terrorist attacks of these proportions
2. The reciprocal attacks by the US do not end up destabilising world economy
3. Public spending is pushed up in the US.