Andrew Lichtenstein/Getty ImagesThe port strike could spark a US recession if it lasts four weeks or longer, Sea-Intelligence's Alan Murphy said.The researcher estimated that the strike will cost the US $3 billion to $5 billion a day.Shipping costs and delays could escalate, impacting global trade if the strike continues.The economy could see a hard landing if the ongoing port strike lasts long enough, according to one industry researcher.Alan Murphy, the CEO of the liner research firm Sea-Intelligence, estimates the US could tip into recession if the port strike lasts longer than a month.

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  • The port strike will tip the US into recession if it lasts more than a month, researcher says
    Alan Murphy, the CEO of the liner research firm Sea-Intelligence, estimates the US could tip into recession if the port strike lasts longer than a month. That's due to the mounting costs of the ...
    10/1/2024 - 3:47 am | View Link
  • The port strike will tip the US into recession if it lasts more than a month, researcher says
    The economy could see a hard landing if the ongoing port strike lasts long enough, according to one industry researcher. Alan Murphy, the CEO of the liner research firm Sea-Intelligence, estimates ...
    10/1/2024 - 3:43 am | View Link
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