All articles tagged with #gdp impact
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.
The upcoming US government shutdown could have a more significant economic impact than usual due to political tensions and potential mass layoffs of federal workers, which might slow economic growth and affect the job market, especially amid existing economic uncertainties and a fragile job creation trend.
Revisiting earlier assessments, the EU faces a short-term GDP decline of 0.3% due to US tariffs, with export deceleration and indirect effects potentially amplifying long-term risks. Despite a framework agreement, tariff uncertainties and sectoral duties persist, impacting trade flows and economic growth, emphasizing the need for diversified trade strategies.
The US merchandise trade deficit widened unexpectedly in May due to a 5.2% drop in exports, the largest since the pandemic's start, while imports remained stable, potentially reducing trade's positive contribution to second-quarter GDP and reflecting ongoing impacts of tariffs and global economic shifts.