Economy

May 28, 2010

Gulf oil spill's economic impact will be long term

As oil seeps into Louisiana marshlands, economists say the financial fall-out is only just beginning to spread across the Gulf of Mexico — and possibly beyond. Even if BP teams succeed in capping the undersea gusher, the economic damage could drag on for years depending on how much oil actually lands ashore and how extensive the damage is to Gulf fisheries.

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