Economic effects of terror attacks ‘not long-lasting’

Investors sought out the safe haven of gold as stock markets dipped and tourism shares dropped in the aftermath of the attacks on Brussels.

Sterling also fell against the euro and dollar — because investors believe the latest attacks could bolster British advocates for the UK to leave the EU in its referendum in June.

However, economists say that, in a pattern established since the attacks on New York and Washington in 2001 and on Paris late last year, the effects on markets and local economies of the attacks will unlikely be long-lasting.