All articles tagged with #gdp loss
The ongoing government shutdown, now the second-longest in U.S. history, could result in a loss of up to $14 billion in real GDP, with some economic effects not fully recoverable. While most losses are expected to be made up after the government reopens, the shutdown will temporarily reduce economic activity, impact federal spending, and slow GDP growth through the end of 2025.
A government shutdown is projected to cost the U.S. economy between $7 billion and $14 billion, with federal workers missing paychecks and food benefits for low-income Americans disrupted, leading to a 1-2% decrease in GDP in late 2025.
A government shutdown could cost the U.S. economy around $7 billion per week, reduce GDP growth, and lead to significant costs related to federal employee pay, administrative efforts, and lost revenue, with past shutdowns costing billions and potentially shaking public confidence in the economy.
A prolonged US government shutdown could lead to a $15 billion weekly GDP loss, with significant impacts on federal programs, consumer spending, and employment, as detailed in a White House memo blaming Senate Democrats for the impasse.