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The port closure could lead to "some short-phrase impacts inside the automobile current market," Zandi reported, noting that the outcome will depend on the duration from the blockage and The supply of different transportation routes.
A cargo ship crashed in to the bridge early Tuesday early morning, creating a close to-full collapse from the span and halting vessel traffic into and out on the Port of Baltimore.
"All of the continual inspections that we have accomplished are a lot more than enough to take care of any menace from People of ships, regardless of whether it's 1 of them or one hundred of them," mentioned John Hanson, CEO Delaware River Port Authority.
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The bridge collapse will not likely meaningfully influence the U.S. overall economy, nor will it thrust Baltimore into a recession, Zandi extra, though he mentioned the incident could even now result in major economic ramifications.
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