Economists expect a 2.5% climb in world trade this year and a 9% jump in 2003, which would reinforce the U.S. defense upswing and augur well for airline balance sheets. The Bush Administration is seeking almost $400 billion for defense for the fiscal year that begins Oct. 1, up half a percentage point of gross domestic product (GDP). At about $38 billion, homeland security spending would go up 0.2% of GDP. Air transport should get a boost from a faster return of consumer confidence ...


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