While there hasn’t been much of a knee-jerk reaction to the Paris terrorist attacks so far in global equity markets, Citi Research analysts believe that the attacks could have meaningful long-term political and economic impacts.

Here’s a breakdown of what Citi recently had to say about the fallout from the attacks.

U.S. Markets Resilient

In the past, the U.S. markets have typically rebounded quickly following geopolitical events that happen outside the United States. “In a strange way, the world has become far too complacent about these kinds of calamities amidst other major risks,” analyst Tobias Levkovich explained.

Lasting Impact

Aside from any short-term jitters in global markets, Levkovich sees…

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