Potential Economic Impact of the U.S. Government Shutdown
TL;DR Summary
A prolonged US government shutdown could cost billions weekly, reducing GDP growth by 0.1 percentage points per week and potentially leading to a $15 billion loss in economic output, increased unemployment, and disruptions to social services, with effects worsening the longer the shutdown persists.
Topics:business#economic-growth#economy#furloughed-workers#gdp-impact#government-shutdown#us-economy
- Government shutdown could cost US economy billions of dollars a week, analysts say The Guardian
- Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown CNBC
- Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one AP News
- Fitch says US shutdown unlikely to affect sovereign ratings; S&P sees marginal GDP hit Reuters
- What this government shutdown could cost The Washington Post
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