Cyber Attack

Major economic impact from outage unlikely, economic research business says

From CNN's Rob North and Olesya Dmitracova

Capital Economics, an economic research business, has provided an early assessment of the wider consequences of the disruption.

“While things are still very uncertain, we do not anticipate a major macroeconomic or financial market impact at this stage,” Jennifer McKeown, chief global economist at the consultancy, wrote in a note. 

“Those sectors operating with strong IT support systems will be best-placed to experience only minor, short-lived effects. This might explain why there has been little impact on financial markets so far… Another reason for the muted impact in markets is that the founder and chief executive of CrowdStrike itself has ruled out the possibility that this relates to a cyber attack. Accordingly, the risk of prolonged disruption is lower,” she wrote.