UPDATE 1-U.S. economy may skirt direct hit from Hurricane Sandy

Newswire

* Sandy forecast to cause up to $45 billion in losses and damages * Lost output from region could cost $10 billion a day * Cash-strapped local governments set to cope with clean-up costs By Pedro da Costa and Luciana Lopez and Leah Schnurr WASHINGTON/NEW YORK, Oct 29 (Reuters) - Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to ...

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