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09 December 2019 The on-line newspaper devoted to the world of transports 06:08 GMT+1

October 3, 2002

Port lockout risks Asian recession

BBC News

The lockout which has shut down 29 ports on the US West Coast could trigger a recession in East Asia, investment bank Morgan Stanley has warned.

In a note sent to clients, Morgan Stanley economist Andy Xie said the dispute risked "horrendous" consequences if it lasts longer than a month.

Over $1bn worth of goods pass into the US by ship ......
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