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Economists fear worst for superstorm Sandy’s damage to fragile US recovery

Guardian – As the flood waters recede and the states hit by Sandy start the grim task of mopping up, many questions remain, among them: how big an impact will the storm and its fallout have on the US economy?

The short answer is: tens of billions of dollars, in damage, lost output and disruption to entire industries. And despite some optimistic forecasts made a day after Sandy moved inland, there are good reasons to think the final tally may be worse than expected.

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